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Archive » July / August 2021 » Challenges and policies for Italian economic recovery

Challenges and policies for Italian economic recovery

Daniele Franco
July / August 2021 - n. 7-8
Keywords: Crescita, banche, Pnrr, pandemia
Jel codes: G21, G28

Internal estimates indicate Italy’s economic growth close to 2% in the second quarter of 2021 and today a Gdp recovery of 5% or more seems achievable. The domestic support measures and the National Recovery and Resilience Plan will allow, in a medium-term perspective, to undertake a stable higher growth path. In the short term, several aspects will have to be addressed with caution and graduality, following the consolidation of the recovery: the exit from emergency measures; corporate debt; household debt. In the recovery phase, it is essential that banks do not fail to finance households and businesses, supporting the strong increase in investments expected in the coming years, as a consequence of the boost given by the Recovery plan.

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