Osservatorio | June 2024

The recovery is full of employment and more work means more growth. Italy beats France and Germany, and even the USA.

Osservatorio | June 2024

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