Rome

Italy last in productivity growth for big 4, Draghi shows EC

Italy and Spain suffer business credit crunch

Italy last in productivity growth for big 4, Draghi shows EC

Rome, March 15 - Italy ranked at the bottom among the eurozone's major economies in terms of productivity growth, European Central Bank chief Mario Draghi revealed to the European Council on Friday. Graphics in an appendix to Draghi's presentation put Italy behind Germany, France and Spain in terms of productivity growth, but on par with them in terms of salary growth. Draghi also showed a slide illustrating that businesses in Italy and Spain have suffered the biggest credit squeeze of the four big economies since 2010. Business loans fell 8% and 3% in Spain and Italy, respectively, whereas credit continued to grow in France and Germany.

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