Circle Squared Alternative Investments’ Jeff Sica discusses the ‘historic’ meeting between Trump and PM Giorgia Meloni at Mar-a-Lago and Apple’s stock performance.
When Italy’s Giorgia Meloni took the job of prime minister in 2022, the country wasn’t in good shape. But since then, the economy has bounced back in ways that few outsiders would have expected. Now the country looks healthier than either Germany or France, the two largest economies in the European Union.
In 2022, Italy’s deficit was 8.1% of GDP, according to Trading Economics. Unemployment in December 2022 was 7.9%, and inflation exceeded 12%.
“Italy was living through a social and economic crisis created by the rise of illegal immigration,” Daniel Lacalle, chief economist at Madrid-based investment company Tressis, told FOX Business, “Mainstream social democrat politicians largely ignored this problem…
