Nations Facing Acute Financial Threats


6. Italy

Average percentage of businesses struggling for funds: 42

Italy is the home to many big brands. And over the centuries, Italy has established itself as one of the most developed nations across the world. Apart from being ranked as the twenty-fifth most developed nation, Italy is also the most highly globalized nation as well as the country with the sixth largest budget in the world.

Italy has a low percentage of unemployment and its per capita GDP is very high. Before the World War II, Italy was known as agriculture based country. However, after the War, Italy has successfully transformed itself into a highly developed industrialized nation.

5. Argentina

Average percentage of businesses struggling for funds: 40

The economy of Argentina depends mainly on its science and technology, nuclear science, biotechnology, medicine, nanotechnology, rocket technology and many more. It is the proud host of some of the most highly acclaimed science exhibitions.

The economy of Argentina is the third largest in the Latin America. Industrialization, higher literacy rate and abundance of natural resources are the main reasons of Argentina’s economic growth. Repeated recessions in the economy have weakened the economy, but still, Argentina has maintained a good standard of living.

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