The Oxford Handbook of the Italian Economy since Unification According to G. Toniolo The years of 2000-2011 were technically a lost decade, with total GDP in 2011 a mere 1.1 higher than it had been ten years earlier, and still 5 percent lower than it was in 2007 (in the previous major depression, the 1929 GDP level was reached again in 1935) For a country that was the second largest industrial producer in the euro area, especially serious was the weakness of the manufacturing sector, p.27, 2000. ,
Italy's Modern Economic Growth, pp.1861-2011 ,