According to OECD Statistics Directorate Economic growth (GDP) always gets a lot of attention, but when it comes to determining how people are doing it’s interesting to look at other indicators that focus more on the actual material conditions of households. The article focuses on Italy and takes a look at a variety of economic variables trended over time.
In real terms, the charts highlight how Italian households are worse off since the 2008 financial crisis. Presumably, the austerity measures have taken a major toll. Interestingly confidence is now increasing progressively.
English: The logo of the Organisation for Economic Co-operation and Development (OECD). (Photo credit: Wikipedia)