Italy-Driving a sustainable future through innovation

Italy's economy is expected to grow by 0.6% this year, according to the Bank of Italy, which revised its previous forecast of 0.4% to align with the government's official projections.

Taking stock of Italy's strong rebound from the pandemic, the bank forecasts economic growth of 1.2% in 2024 and 2025, noting solid exports and rising domestic consumption as fundamental driving forces. Indeed, as early as 2021, Italy had already exceeded its average annual prepandemic inward FDI levels by 33%, far outpacing its European counterparts, with cross-border M&As up by 14%, according to a September 2022 report by the London School of Economics.