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Italy's Tax Burden Rises as Retail Sales Plunge
Italy's tax burden rose to 50.6% of GDP in Q4 2024, up 1.5 percentage points from the same period in 2023, while retail sales fell by 1.5% in value and 2.5% in volume year-on-year in February 2025, marking the steepest decline in ten months, impacting both food and non-food sectors.
Italy's Tax Burden Rises as Retail Sales Plunge
Italy's tax burden rose to 50.6% of GDP in Q4 2024, up 1.5 percentage points from the same period in 2023, while retail sales fell by 1.5% in value and 2.5% in volume year-on-year in February 2025, marking the steepest decline in ten months, impacting both food and non-food sectors.
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