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uhsguy  ·  1361 days ago  ·  link  ·    ·  parent  ·  post: Real GDP, percentage change from previous peak

Perhaps, politically they may have gotten their shit tougher but tourism is 13 percent of Italian gdp and 11% of Spanish. Those have gone down to near 0 and that’s not accounting for other industries affected. Unemployment was near 20% prior to the pandemic it’s probably close to 50% now. So while they may have dealt with the crisis better it may not be better enough to matter.