04 ott 2024
Italy's GDP growth has outpaced that of Germany and France post-COVID, with significant revisions by Istat highlighting a robust economic recovery.
Despite a stable debt-to-GDP ratio since 2019, Italy's growth in 2021 and 2022 has been remarkable, surpassing pre-pandemic levels.
This growth, attributed to the 'Draghi legacy, ' challenges stereotypes of Italy's economic stagnation.
The recovery is broad-based, with notable increases in trade, hospitality, and professional services, despite demographic challenges.
Italy's per capita GDP growth is notably higher than that of its European counterparts.
Italy's recent economic performance has been noteworthy, with its GDP growth surpassing that of major European economies like Germany and France.
Istat's revisions have underscored the real progress in Italy's economic recovery, with the debt-to-GDP ratio improving from 137.1% to 134.6% in 2023, maintaining stability since 2019.
This stability is unique among G7 countries, although it doesn't imply fiscal leniency for the government.
The GDP growth in volume for 2021 and 2022 has been significantly revised upwards, with Italy's GDP in 2022 already 3.9% above 2019 levels, outpacing France, Spain, and Germany.
This growth, often referred to as the 'Draghi legacy, ' continued into 2023, albeit at a slower pace of 0.7%, keeping Italy at the forefront of post-pandemic economic recovery in the Eurozone.
The narrative of Italy's economic stagnation has been challenged, with substantial growth in sectors like trade, hospitality, and professional services.
Despite a demographic decline, Italy's per capita GDP has risen by 5.9% over the past four years, a stark contrast to the modest growth in France and Spain, and a decline in Germany.