Osservatorio | June 2024
The recovery is full of employment and more work means more growth. Italy beats France and Germany, and even the USA.
At a glance:
- In GDP the Italian economy is doing better than France and Germany
- In creating new jobs it exceeds the powerful American jobmachine
- Italy’s higher growth is due both to stimuli, such as the “superbonus”, and to export performance
- In the coming quarters, manufacturing will benefit from strengthened global demand
- Global recovery gains speed and broadens geographically and to commodities
- Inflation continues to decelerate slowly
- The scenario is favourable for lower interest rates and higher corporate profits
- Immigration expands labour supply and boosts economic development