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Italian economic “ miracle”. Post–World War II economic expansion. Italian economic miracle ( Italian : il miracolo economico ). Constant GDP growth on average 5.9% each year, reaching the peak of 8.3 in 1961 Industrial output peaked at over 10% each year

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italian economic miracle

Italianeconomic “miracle”

Post–World War II economic expansion

italian economic miracle italian il miracolo economico
Italian economic miracle(Italian: il miracolo economico)
  • Constant GDP growth
  • on average 5.9% each year, reaching the peak of 8.3 in 1961
  • Industrial output peaked at over 10% each year
  • rate surpassed only by Japan and West Germany
  • Practically full employment
  • 1963: Investment reached 27% of GDP
early criticism wilhelm r pke
Early Criticism: Wilhelm Röpke
  • WillDollars Save the World?
  • - Henry Hazlitt (1947) What do you think?
sources used
Sources used:
  • Oscar Ornati, “Italian Economic Miracle”, www.jstor.org Social Research:1963
  • Economy of Italy, www.wikipedia.org
  • Olivetti, en.academic.ru
  • Marshall Plan, www.wikipedia.org
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