Journal of
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Archive » November 2023 » Savings, public debt and the economy in Italy today

Savings, public debt and the economy in Italy today

Ignazio Visco
November 2023 - n. 11
Keywords: Risparmio, banche, politica economica e monetaria
Jel codes: G21, G28, G32, E50

The Italian economy has strong fundamentals overall. The availability of savings in the private sector is high, household debt is low, the production system shows vitality and the ability to compete on global markets. The difficulties stem from structural weaknesses that have been neglected for too long. To make higher growth sustainable over time, it is necessary to remove obstacles to development, promote innovation and knowledge, encourage the growth of companies in size and modernization. Investing is essential to seize the opportunities of the upcoming climate and digital revolutions. Everyone must contribute by seeking new and greater skills. The sustainability of development, the ability to protect environmental balances and to create jobs depend on it. A stronger and more united Europe is the best insurance against geopolitical changes and tackle global challenges.

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