Global Scans · Italy · Weekly Summary

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] Extreme heat threatens to devastate typical wine regions, such as areas of Spain, Italy and southern California, where harvests are predicted to plummet. The Guardian
• [New] The UK works closely with Japan as part of the Global Combat Air Programme, which, along with Italy, will deliver a next-generation fighter jet to enter service from 2035 in a significant capability boost for all countries involved. GOV.UK
• [New] Under the proposed rules, the EU's 27 countries will be required to either take in thousands of migrants from frontline countries, such as Italy, Greece and Spain, or provide extra funding or resources instead. BBC News
• [New] By 2040, the collective GDP of the BRICs would overtake that of France, Germany, Italy, Japan, the United Kingdom, and the United States. Carnegie Endowment for International Peace
• [New] 90% of traditional wine regions in coastal and lowland regions of Spain, Italy, Greece and southern California could be at risk of disappearing by the end of the century because of excessive drought and frequent heatwaves. BeverageDaily.com
• [New] The UK updates final Q4 GDP while preliminary March inflation readings out of France and Italy will give an early sense of price trends in the eurozone. IHS markit
• [New] Under the proposed rules, the 27 EU member states are expected to take in thousands of migrants from frontline countries like Italy, Spain and Greece. FirstPost
• [New] A solar panel in Spain can expect to generate twice as much electricity as one in Finland, while a wind turbine in Poland produces more than one and a half times the electricity of one in Italy. Bruegel | The Brussels-based economic think tank
• [New] On the election dates, the highest numbers of eligible voters are expected in Germany (64.9 million people), France (49.7 million) and Italy (47 million). The Sofia Globe
• [New] Advanced Robotics will establish a supportive ecosystem for Meltio's technology in Italy, collaborating with technology centers, machine companies, academia, and industry to drive business opportunities. 3D Printing Industry
• While some countries including Belgium, Denmark, Finland, France, Greece, Italy, Netherlands, Poland, and Ukraine have already adopted it, there is a huge potential as it applies mostly to residences and private buildings. Market Research Reports & Consulting | GlobalData UK Lt
• Germany, France and Italy, the three largest economies in the monetary union, have all entered into economic recession, with Eurostat recording an even bigger drop in gross national product (GDP) compared to what markets expected. PubMed Central (PMC)
• Silicon Box to build chiplet plant in Italy Three year-old Singapore chiplet startup Silicon Box will invest €3.2 billion in Italy to build a packaging plant in northern Italy. Electronics Weekly
• Growing at a steady CAGR north of 6.1%, the installed base of smart electricity meters is expected to reach a penetration rate of 78% by 2028, driven by second-generation rollouts in countries such as the UK, Italy, Spain and Sweden alongside first-generation projects in Germany, Poland and Greece. IoT Business News
• The ECR could lose seats in Poland, and gain most seats in Romania and Spain, in addition to Italy. MaltaToday.com.mt
• The EPP could lose seats in Germany, Italy, Romania, and Ireland, but significant gains in Spain. MaltaToday.com.mt
• Final inflation figures for Germany, France, and Italy will be released, while industrial activity in the Euro Area is expected to decline following two consecutive months of growth. Trading Economics
• The IMF predicts that between 2024 to 2028 the UK will outgrow the G7 economies of France, Germany, Italy, and Japan. GOV.UK
• Romania has one of the highest earthquake hazards in Europe, alongside Turkey, Greece, Albania, and Italy. Al Jazeera
• The EU ewe flock is expected to decline further in 2024, with declines in many sheep producing regions including Spain, France, Italy and Greece. Agriland.ie
• A senior official from Yemen's Iran - aligned Houthis also warned on Monday that Italy will become a target should it join in attacks against Yemen. Global Defense Corp

Last updated: 19 April 2024