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] The trade credit insurer's global insolvency index is expected to hit a record high for bankruptcies, up 35% by the end of 2021, with top increases expected in the US, Brazil, China and core European countries such as the UK, Italy, Belgium and France.
[New] In addition to Portugal, five more European countries are expected to end coal by 2025: France (2022), Slovakia (2023), the UK (2024), Ireland (2025) and Italy (2025).
[New] With the help of TrueLayer, Revolut has introduced open banking to Germany, Italy, France and Ireland and plans to deepen its involvement in Europe even further into 2021.
[New] ICA specifies that, at the end of the third quarter of 2020, GDP for 2020 was down 8.3%, and several studies forecast that by the end of 2020 Italy's gross domestic product will contract by 8.9% compared to the previous year.
France expected a 200,000 casual worker shortage over three months, while just a quarter of the 60,000 casual labourers needed in England were expected to arrive in the UK in 2020 and 100,000 farm workers could be hindered by restrictions in Italy.
The biggest falls in GDP in 2020 in the major economies are predicted to be in Italy, Brazil, Germany and Spain.
By 2030, regulatory timetables show around 29 GW of nuclear closures in seven European countries (Belgium, Britain, France, Germany, Italy, the Netherlands and Spain).
Work on the first phase of a four-phase program could start with an £80 million pilot project in the North East of England, following in the footsteps of Sweden, Germany and Italy, where trials of electric road systems have already taken place.
London stepped up pandemic restrictions requiring bars and restaurants to close, Italy is considering more stringent steps over Christmas and Germany is likely to be under lockdown until early 2021.
Work on the first phase of a four-phase programme could start with an £80 million pilot project in the North East of England, following in the footsteps of Sweden, Germany and Italy, where trials of electric road systems have already taken place.
The Centre for Retail Research expects e-commerce sales in Western Europe (UK, Germany, France, Netherlands, Italy and Spain) to reach €322 billion in 2020, against a pre-Covid forecast of €273 billion.
The United States of America, with a moderately aged population, would be expected to have fewer deaths per capita than a more aged population like Italy's, and more deaths per capita than a more youthful population like India's.
From 2020 through 2030, $44 billion will be invested in green and blue hydrogen projects in five key European countries: France, Germany, Italy, Portugal, and Spain.
Italy's GDP would shrink by 9.9% in 2020 and grow by 4.1% in 2021, with similar moves expected for both Portugal and Spain.
Spain, peak demand of 40 GW in 2018, plans to develop an additional 6 GW of storage capacity by 2030, broken down between 2.5 GW of batteries and 3.5 GW of PSH.
Europe and its five largest economies: France, Germany, Italy, Spain, and United Kingdom, have all recently announced their ambitions to achieve carbon neutrality by 2050.
In 2020 Indonesia is the 15th largest economy in the world, in 2033 it enters the top ten club by displacing Italy and by 2045 it reaches seventh place, overtaking Canada, Brazil and France.
Eleven European gas infrastructure companies, including Spain's Enagas, the Netherlands' Gasunie, and Italy's Snam, have drawn up a plan for a 6,800 km hydrogen pipeline network by 2030, rising to 23,000 km by 2040.
In 2021, ad revenues should rise by 10.2%, with gains expected in the U.K., Germany, Spain, France, Italy and Russia.
About 15 new battery cell plants, or gigafactories, were being built across Europe, including in Italy, France, Germany, Hungary, Poland, Slovakia and Sweden, which were expected to provide enough cells to power at least 6 million EVs in less than five years.
Some 15 new battery cell plants, or gigafactories, were being built across Europe, including in Italy, France, Germany, Hungary, Poland, Slovakia and Sweden, which were expected to provide enough cells to power at least 6 million EVs by 2025.
The UK economy will shrink by 9.75% in 2020, putting it among the worst-hit economies in Europe, although France, Spain and Italy are facing even steeper falls in output (10.6%, 10.9% and 11.2% respectively).
Fossil gas generation will not change a lot in the next decade, as countries including Italy, Germany and Belgium plan an increasing role for fossil gas.

Last updated: 22 January 2021

Italy

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