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How political uncertainty hurts the US economy: Lessons from Italy

Overseas observers of American politics are certainly disconcerted by the degree of domestic political animosity in the U.S., and by the self-inflicted...

Those who observe similar events from Italy feel a particular shiver run down their spine.

  • Carlo Bastasin
  • Brookings

Memories of what happened in the early 1990s, when Italy’s state and institutions suffered a severe loss of credibility and the political fight turned fierce and acrimonious, still haunt.

Since then, the Italian economy has never recovered, in part because investors need a stable political framework to take risks, particularly…

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