Europe’s significant black/ shadow economy
Nov 14th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The black/ shadow economy may be worth as much as €2trn in Europe, ranging from 10% of gross domestic product (GDP) in the United Kingdom, to 14% in Ireland and up to 40% in some Central and Eastern European countries. Meanwhile, China has a large European industrial enclave where the majority of the migrants are illegals.