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Money

May 23, 2025 08:59 GMT

Drugs and prostitutes will boost Italy's economy

Italy plans to include illegal activities such as drug sales, prostitution and cigarette smugling, in its GDP figures in an attempt to boost the country's economy.

 

The EU's Statistical Agency estimated that the contribution of illegal activities will increase Italy's GDP by as much as 2%.

 

The news comes after Mario Renzi, Italy's Prime Minister, vowed to cut the nation's deficit by 2.6%.