Businesses and Covid: why the "micro" ones suffer the most
An Istat survey and a Focus Bnl show that the pandemic has hit micro-enterprises the hardest for structural reasons related to productivity, investments and personnel skills
World trade: Covid less serious than the 2009 crisis
According to an analysis by Focus Bnl, the fall in world trade in 2020 was significant (-9,2%), but "definitely more contained than that recorded in 2009" after the outbreak of the global crisis
Italy-China: all the numbers of the exchanges with the Dragon
Italy is in the front row among the countries that adhere to the "Silk Road" initiative and for years now it has seen the intensification of commercial relations (but not only) with the Asian giant: here are all the data
Older and with fewer children: bye bye baby after the Great Crisis
We are getting older and having fewer children - In an essay on Focus Bnl, the economist Simona Costagli explains how the financial crisis and the global recession have contributed significantly to the collapse of fertility and migration…
Banks in Europe: the restructuring is not finished and Germany is limping
FOCUS BNL - The Roe of European banks in 2017 increased compared to the previous year even if it was negatively affected by the delays in the German case while the Capital Market Union lags behind
India flies but overtaking China remains a mirage
FOCUS BNL - In the last twenty years the Indian economy has grown at an average rate of 7,2%, almost quadrupling its size and representing a seventh part of world growth in the two-year period 2016-7 but overtaking China is not conceivable …
Industry drives the Italian GDP but goes at different speeds
FOCUS BNL - More than half of the increase in Italian industrial production is due to the machinery and means of transport sector - Food and pharmaceuticals also do very well, while the situation remains critical in textiles, clothing and footwear…
Labor productivity, Italy works more but produces less
FOCUS BNL - An Italian worker produces an average of 60.810 euros of wealth per year, against the 65 of a German and the 72 of a French - Yet, in our country the average of hours worked is much higher than…
Real estate: prices at pre-crisis levels, but not in Italy
FOCUS BNL - Global property prices have recovered what they lost in the crisis and in some countries, such as Germany, are even much higher - Italy, on the other hand, is the only country in the euro area where property prices…
Italian cinema rears its head: what changes with the new law
FOCUS BNL - The entertainment industry in Italy has suffered less from the crisis than other consumer sectors and now, also on the impetus of the new law on cinema, it is seeking a relaunch after the first signs of recovery in 2016 - The identikit…
Employment increases, but part-time and low-skill work increases
FOCUS BNL - With the economic recovery in Italy, employment has almost entirely recovered to its pre-crisis level thanks above all to an increase in workers over 45 but the quality of jobs is changing and the middle class is shrinking
GDP, the recovery rests on exports but also on more consumption and investments
FOCUS BNL - It is not only exports that are driving GDP growth but also, finally, an acceleration in consumption and investments with encouraging effects on employment - The recovery of expected inflation in the coming months becomes crucial
GDP and growth: Italy narrows the gap with the Eurozone
FOCUS BNL - The increase in GDP in the second quarter brings Italy's annual growth to 1,5%: it is the highest value in the last six years - A year ago the rate of increase in Italian GDP was equal to half …
More robots, less employment: it's the industry of the future
FOCUS BNL - The manufacturing sector has significantly reduced its ability to create jobs - Now in the US only 2 out of 5 workers in industry are directly involved in the production of goods - In Chinese factories there are…
Supplementary pension: assets tripled and members doubled in 10 years
FOCUS BNL - By virtue of the silent assent on the transfer of severance pay to pension funds, in 10 years the assets of supplementary pensions in Italy have tripled and members of pension funds have doubled
Work in Italy: more employed but hours worked and wages slow down
FOCUS BNL - The number of employed people is now 24,8 million: half a million more jobs since the lows of 2013 but still below pre-crisis levels - On average, people work 90 hours less a year…
Women-owned businesses are growing but the wage gap between men and women remains
FOCUS BNL - Women today represent about half of the world's population: about 3,7 billion out of a total of 7,4, but their presence in the labor market and influence in the economic, political and social spheres is on average lower than…
The accounts of Italian companies and the weakness of investments
FOCUS BNL - The publication of the corporate financial statements for the 2016 financial year is an opportunity to check the state of health of Italian companies from the beginning of the crisis to today: many steps forward but the weakness of investments remains
Renewable energies, many plants but too many incentives
FOCUS BNL - In Italy in the electricity sector there are today 700 plants powered by renewable energies which have been supported by exaggerated incentives which need to be remodulated.
Ethical finance, 22 trillion of socially responsible investments in Europe
FOCUS BNL - Socially responsible investments (SRI) are growing in the Old Continent: +30% in 2015
Inequalities: the income of the richest 20% is almost 6 times that of the poorest 20%.
FOCUS BNL - The economic crisis has accentuated social inequalities that often go hand in hand with poverty - The Government has included indicators on inequality in income distribution in the Def to implement suitable interventions to deal with it
Italian families save and invest less but prefer foreign securities
FOCUS BNL - Italian families are still rich today, but they are less so than they were in the past: their financial portfolio has been surpassed by those of French and German families but it is increasingly internationalized
The population is ageing: fewer young people and more over 65s
FOCUS BNL - Reduced fertility and greater longevity are causing low growth in the world population and progressive aging - In 2050 young people under the age of 14 will be only 21% while the percentage will double…
Pir, the record of mutual funds and the opportunity for individual savings plans
FOCUS BNL - Assets under management reached a new all-time high in 2016, reaching a record of 1.937 billion euro, driven above all by mutual funds - Now the Pir, the individual savings plans, can score…
Protectionism is holding back world trade and Europe is paying for it
FOCUS BNL -The US president Trump makes protectionism his compass but export restrictions have been intensifying for years -According to the European Commission between October 2008 and the end of 2015, 1.059 protectionist measures were introduced by trading partners…
Growing in de-globalization: there is no alternative to reforms
FOCUS BNL - Low growth, low inflation, low international trade: the problem is above all in the third "B", which is consolidating day after day and which Brexit and the new American presidency risk aggravating - In the busiest USA but…
China, 50 years after the revolution, prosperity and inequality are growing
FOCUS BNL - The deceleration of GDP growth is in any case within the objectives set by the Chinese government - Consumption is destined to grow, thanks to the increase in the number of families belonging to the middle class - The distribution of wealth…
Start up, in Italy it is not an easy life
FOCUS BNL - The banking channel is not the most suitable for financing new businesses - Financing through the Guarantee Fund for SMEs is growing: almost 2 transactions carried out at the end of September 2016…
The collapse of investments penalizes the Italian production system
FOCUS BNL - In comparison with 2007, investment spending was reduced by almost 80 billion euro, significantly affecting above all the construction sector - PDF ENCLOSED.
Insurance ranking: Italy in 4th place in Europe
FOCUS BNL - In the world, on the other hand, our country is in seventh position for premium income, with a market share of 3,6% - In 2015 life premiums grew above all (+4%), exceeding 115 billion.
Italian families: fewer BTPs and bank bonds and more deposits
FOCUS BNL - The financial wealth of Italians has risen to 4.000 billion euros thanks to the good performance of the stock market in recent years, but families are struggling to set aside new savings because the crisis has decimated purchasing power…
Employment in Italy before and after the crisis: numbers compared
FOCUS BNL - In Italy the employment rate in 2015 reached 56,35, up on the 55,7% of the previous year, but compared to the European average it is a more contained increase (+0,6% against + 0,8%) -…
Food and clothing: we buy more and more abroad
FOCUS BNL - The Italian economy depends more and more on foreign countries: we import more and more but in this way wealth is subtracted from domestic production - The ratio between the sum of exports and imports and GDP has now reached…
Real estate, more sales in Italy but prices still falling
FOCUS BNL - Real estate is no longer a risk factor for economies and markets - In the US it is in a recovery phase while in China the danger of a slowdown in the out-of-control real estate market seems to have been averted - In…