Istat, Italy's national statistics office, will include estimated dealings from drugs, arms trafficking and prostitution in its GDP figures from now on, acoording to Bloomberg.
This move should increase Italy’s economy by at least 1.3 per cent in the first year, helping it to comply with EU rules on indebtedness, which limit member countries to spending no more than 3 per cent of their GDP.
The Italian government had pledged to limit its budget deficit to 2.6 per cent of GDP this year, but a sudden rise in GDP will give the government a better deficit ratio, and therefore more money to spend.
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