Underground and illegal economy worth over 218 billion in 2024: 107.6 of undeclared income.

Il Sole 24 OreParty-aligned🔒Center9 hr. ago

The article discusses Italy's shadow economy, which amounts to 218.2 billion euros, representing 9.9% of the country's GDP. This includes both informal and illegal economic activities. The report highlights a growing trend of irregular employment, indicating an increase in unregulated work practices within the nation. Such activities often evade taxes and labor regulations, posing challenges for economic transparency and governance. The data underscores the complexity of measuring and addressing these hidden economic sectors.

Bias read (Center): The article presents statistical data on the shadow economy without overtly favoring any particular political stance. It focuses on economic indicators rather than political debates or policy positions, maintaining a neutral tone.

Il Fatto QuotidianoIndependentCenter9 hr. ago

In 2024, Italy’s shadow economy, comprising both undeclared income and illegal activities, is estimated at over €218 billion, nearly 10% of the country’s GDP. This represents a slight decrease in relation to GDP compared to 2023 but remains a significant portion of economic activity. The number of irregular workers has increased by 4.6% year-on-year, reaching 3.27 million, with the rate of informal employment rising to 13.1% of total labor units. Within the shadow economy, under-declaration of income by businesses accounts for €107.6 billion, slightly down from 2023, while the value added by informal labor rose to €80.3 billion. Illegal activities such as drug trafficking, prostitution, and tobacco smuggling declined slightly, though some components like prostitution services saw minor increases.

Bias read (Center): The article presents statistical data from Istat without overtly biased language or selective emphasis. It reports figures objectively, noting both increases and decreases across different segments of the shadow economy without apparent ideological framing.