by Shane Ferro. Italy is no longer in a recession, thanks to its black market. Because the European Union changed the way it calculates GDP to include illegal revenue from things like underground alcohol sales, drugs, and prostitution, Italy found out Wednesday that its 0.1% GDP decline in the first quarter of 2014 was actually flat— or 0.0% ... MOREDrugs And Prostitutes Help Bring Italy Out Of Recession
by Shane Ferro. Italy is no longer in a recession, thanks to its black market. Because the European Union changed the way it calculates GDP to include illegal revenue from things like underground alcohol sales, drugs, and prostitution, Italy found out Wednesday that its 0.1% GDP decline in the first quarter of 2014 was actually flat— or 0.0% ... MORE