Driving Forces Learn

Italy

WHAT'S NEXT?: The Italian economy is already in a fragile state and a now likely period of political uncertainty would be likely to do further damage. In particular, Italy's banking industry is seen as vulnerable to a loss of confidence. Italy could be the next domino to fall out of the EU through increasing populist party support.

[New] Italy recently issued its inaugural green bond in March whilst Spain the UK have also announced plans to issue their first green bonds in 2021, which will give the sovereign green bond market a further boost.
[New] The greatest increases (relative to their GDPs) would take place in China, India, Russia, and South Africa, while the smallest will be in France, Germany, Italy, and the United Kingdom.
[New] Italian women have the best economic opportunities of all 30 European countries studied, taking into account wage equality for similar work and estimated income.
[New] The National Energy and Climate Plan, aiming to promote lowest cost clean energy and improve energy independence, risks being derailed by a continued focus on gas power, which would not be compatible with the climate goals of the European Commission or Italy.
[New] Around 67% of the fund managers we surveyed expect private banks in Italy to represent the best opportunities to gather assets for private market products over the next 24 months, whereas only 40% said that private banks in the UK will offer the most opportunities to raise money.
[New] Italy plans to introduce a five-day quarantine for all travelers arriving from European Union countries.
[New] The upward revision for Spain is the largest among the four economies analysed in the eurozone - Germany, France, Italy and Spain - in 2021, but falls short of the projected improvement for the G20 countries (up 1.5 percentage points to 6.2%) and for the world as a whole.
Although Italy has not announced an overall emissions reduction target compared to 1990 levels, the recent announcement by the EU to cut emissions by 55% by 2030 as a pathway to reaching net-zero emissions by 2050, could see more ambitious climate goals for Italy.
The Commission has forecast debt ratios in 2022 of 119 pc of GDP in France, 122 pc in Spain, 127 pc in Portugal, 159 pc in Italy, and 194 pc in Greece.
Germany, France, Spain and Italy become latest countries to suspend AstraZeneca vaccine over blood clot fears.
Several European countries, including Germany, France, Italy and Spain, are resuming their rollouts of the Oxford/AstraZeneca covid-19 vaccine, after an investigation by the EU's medicines regulator concluded its benefits outweigh its risks.
Despite the efforts of Italy, Spain and France for a European solution, a group of low-tax countries, Ireland, Luxembourg, Malta, Sweden, Finland, Latvia, Germany, the Netherlands and Romania will push for a global solution.
The selected countries are France, Germany, Italy, Netherlands, Spain, and the UK, chosen since they are all significant current natural gas markets and all are envisaging a significant role for hydrogen in the energy transition.
The EU has threatened to ban vaccine exports and sue AstraZeneca for not providing enough vaccines, while Italy has seized shipments of the AstraZeneca vaccine bound for Australia.
By the end of last week many countries were jabbing again after the European Medicines Agency, the EU's drug regulator, said in a preliminary review that the AstraZeneca vaccine was safe and that it was not linked with an overall risk of blood clots.
Germany, France, Italy, Spain, Portugal and the Netherlands said they would start vaccinating residents again after the European Medicines Agency on Thursday said new expert analysis concluded that the benefits of using a Covid-19 vaccine produced by AstraZeneca outweigh its potential risks.
Germany, France, Italy, Spain and other European countries have said that they will resume the AstraZeneca vaccine rollout.
Europe is going small even though the output gap in the eurozone is still a dire 8 pc of GDP, reaching 10 pc in Italy and Spain (IIF data).
Whatever happens, Italy will be a key country to watch over the next two years for clues on the future of European climate politics and the success of the European Green Deal.
Japan, Italy, Portugal, Germany and Finland lead all countries with the highest elderly population; in the United States, 19% of the projected total population (or 65 million of 345 million) will be 65 years or older by 2025.
The magnitude of the EU-wide downturn in February was expected given the double-digit year-on-year declines in France, Italy and Spain, as well as in Germany.

Last updated: 09 April 2021

Italy

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