Italy - A new era of economic sustainability

The Southern European economy, one of the world’s ten largest, saw investment more than three times the European Union average in 2021, and will continue to outstrip the bloc of which it is a leading member in the coming two years. As PWC noted, the country was recently upgraded from “stable” to “positive” outlook by ratings agency S&P, acknowledging “the government’s commitment to pro-growth reforms would boost the economy”.

Official estimates show that the economy grew by more than 6% in 2021 and will expand by a further 4.7% in 2022. Yet the administration led by highly-respected former European Central Bank president Mario Draghi will not rest