While waiting for news from the Fed, the stock markets are focusing on macro data. Eurozone inflation was stable in April, while core inflation, which is fundamental for the ECB, fell. In the first quarter, GDP rose by 0,3%. In Milan on the…
Meta's expenses for AI, the disappointing GDP of the US first quarter and inflation are weighing on Wall Street: in cascade, the American data are reflected in the European stock markets which close lower, except for London driven by the maxi offer for…
In the latest economic bulletin, Bank of Italy estimates inflation at 1,3% in 2024, loans to businesses intended for investments are decreasing, while in the private sector high profit margins absorb the recovery in wages
The Italian insurance-financial group, directly controlled by the Ministry of Economy and Finance, found that in Lombardy almost 26% of total national sales go abroad, in Emilia Romagna 14% and in Veneto 13%. Lazio, where exports are…
The CDM gives the green light to the Def in a light version, without the programmatic part: "Agreed with the EU". In the Nadef the GDP for 2024 was at +1,2%. Debt at 137,8% this year, then increasing until 2026. Giorgetti: “If necessary…
According to the Bank of Italy's new macroeconomic projections, inflation will record a sharp decline in 2024 thanks to the fall in energy and intermediate product prices. Employment is good
In the latest economic bulletin, the ECB's governing council sees a brighter picture and says it is "ready to adapt all instruments to reach the inflation target of 2%. However, the risks for economic growth remain oriented towards the downside"
Powell will speak to the Senate on Wednesday and Lagarde will speak at the ECB summit on Thursday but the weakness of the markets in Europe and America reveals that no one expects surprises on the rate cut which will not happen before June
Gentiloni: "Shipping costs +400% due to the Red Sea crisis", estimates for Italy in the EU average". Germany's GDP will grow less in 2024 (+0,3%), while Spain will do so (+1,7%). Inflation forecasts are improving
The monthly economic bulletin issued by the Frankfurt institute chaired by Lagarde. How much wars weigh on growth, the objective of a timely return of inflation to 2% and the alarm on vulnerable companies: "The highest number in Italy and Germany"
For 2023 growth drops to +0,6% but accelerates slightly this year%. "Forecasts worsened due to the deterioration of the international context"
Dragged by the rise of Stellantis and banking stocks, Piazza Affari rebounds and is now the best stock exchange in Europe, despite the collapse of Saipem - The delay in the rate cut weakens Wall Street instead
In focusing on the budget strategies of member countries, the Parliamentary Budget Office underlines that Italian debt remains the second highest in Europe after Greece
The decreasing trend in prices should contribute to the increase in real incomes, while exports will align with the improvement in foreign demand. Geopolitical risk from war in Ukraine and the Middle East
Overall, GDP would increase by 0,7% in 2023, 0,6% in 2024 and 1,1% in 2025 and 2026 - Inflation will reduce significantly starting from 2024, remaining below 2% - Here are the macroeconomic projections…
Svimez Report 2023 - In 2023 the South grew by 0,4%, compared to +0,8% in the Centre-North - Employment rises, but also precariousness and poverty - Risk of "unsustainable fragmentation" from differentiated autonomy
Lombardy's GDP slows down, +0,9% in 2023 and for 2024, +0,6%. Spada: “To avoid stopping the economy, stimulate investments in innovation”
Minister Giorgetti closes the hearings on the maneuver and attacks the central banks who "create uncertainty". On the debt "signals have been sent that the markets have appreciated" - Strong comments from the UBP on decontribution and healthcare
In the hearing on the 2024 Budget before the Budget commissions of the Chamber and Senate, the deputy head of the Economics and Statistics department of Bank of Italy underlines that the exclusion of BTPs from the ISEE calculation could alter portfolio choices
THE CANCELS OF THE ECONOMY OF NOVEMBER 2023 – What are the reasons for the discrepancy between a weak economy and strong employment? “High rates and for longer”: why was the markets' new mantra short-lived? What are the reasons…
The transition to new forms of economy without public research is a chimera. Businesses invest but the State is needed
Inflation drastically reduced in October thanks to the drop in energy prices. Food also decreases but underlying inflation remains at +4,2%
In its October Economic Bulletin, our Central Bank reports a general slowdown in the economy, including Italy - Inflation is also falling but not enough
The Italian companies interviewed by Bankitalia report a significant deterioration in the economic situation. The IMF reduces Italy's GDP to 0,7% in both 2023 and 2024, more pessimistic than the Mef. The Fund instead provides better news for inflation and…
With a letter sent to the Mef, the Parliamentary Budget Office validated the macroeconomic forecasts contained in the Nadef, but warned: "Uncertain estimates, downside risks prevail"
In the September Forecast report, Prometeia revises growth estimates for the Italian economy downwards. Inflation down, but the slowdown in the core component is limited. Resumed in 2024
The Government has revised its growth estimates downwards: 2023 GDP to 0,8%, while for 2024 to 1,2%. The deficit/GDP ratio in 2023 will rise to 5,3% (the Surpebonus weighs heavily), while next year it will fall to 4,3%
How did Greece emerge from the crisis that put the euro at risk? This question is answered by a study by the Observatory on Public Accounts of the Catholic University led by Giampaolo Galli
The European Commission also cuts the estimates for the EU and the euro area: Germany in recession in 2023, Italy last among the main economies in 2024 (+0,8%). The farewell to the Superbonus weighs heavily
An investigation by the Wall Street Journal exposes the enormous wealth gap between the two blocs. And it relaunches Mario Draghi's considerations on the need for a federal strategy for Europe. Bags in red
In the latest report on the economy of the EU and the eurozone, the international organization sees the need for a double squeeze: fiscal and on rates
Data in chiaroscuro of the Italian summer. The beach holiday resists, but the days spent in tourist resorts are reduced.
Domestic demand is weighing on GDP in the second quarter, with all the main aggregates decreasing
An analysis by the management company points out that Italy underestimates its potential. Women, who have more education, would also give a strong boost to productivity: it would not only be a question of number but also of quality. With more strength…
In the new economic bulletin, the ECB sounded an alarm bell about inflation and GDP: “Prospects are uncertain. They weigh war and climate”
Falling inflation galvanizes European lists. In Milan, Leonardo spins: it starts in red, then rises into orbit pushed by the new strategic guidelines announced by the Cingolani CEO. Bank Sprint. Wall Street futures below parity
In trend terms, GDP grew by 0,6%, representing the tenth consecutive quarterly growth. The primary and industrial sector is down, services are growing moderately.
The country led by Vladimir Putin therefore seems to have recovered with the war economy after the fall in GDP in 2022 (-2,1%), caused by sanctions after the invasion of Ukraine
The previews of the Svimez 2023 report were presented. The South is growing like the European average but the ECB rates could have a "depressive effect". In 20 years, 460 brains were lost. Fitto: "Memorandum of Understanding with Svimez"
To see a "sharp" slowdown in prices, we will have to wait for 2024: consumer inflation would reach 6% this year, fall to 2,3% in 2024 and 2% in 2025
For the Kairos strategist, the third quarter of 2023 will offer good opportunities to lighten positions and make portfolios more defensive. 2024, on the other hand, will be a year of cyclical recovery
Giorgia Meloni's recipe would seem very simple: to encourage female employment and the birth rate, so as not to increase immigration. But is it really possible? The CPI Observatory on public accounts has done the math. Here is the result
According to the Prometeia 2023 Forecast Report, Italian GDP is 2,5% higher than the pre-Covid one. The conditions and obstacles for growth
If on the one hand the governor of the Bank of Italy sees a satisfactory banking system, on the other he urges the banks to remunerate deposits and extend mortgages, while he shines a light on the first difficulties in repaying loans
According to Via Nazionale, GDP for 2023 should rise by 1,3% against the +0,6% estimated in January. While he estimates inflation at 6,1% this year, 2,3% next and 2% in 2025
According to the OECD, GDP will grow more than expected in 2023. We are moving towards an "ease of inflationary pressures". But it is an alarm on Next Generation Eu funds
It is the second quarter with a negative sign for the German GDP. The European locomotive is also struggling in exports. Among the countries of the euro area, Italy stands out with a +0,5% in the first quarter. France is at +0,2%
The market sees a pause in US rate hikes. The moment is propitious for bonds, new issues by Eni and Intesa Sanpaolo. Recordati rally at Piazza Affari, DoValue continues its descent
Brussels predicts Italy's growth of 1,2% in 2023 and 1% in 2024 - But the debt is still too high - Meanwhile, the Eurogroup expects Giorgetti to clarify the Mes
At the moment our country enjoys a BBB classification with a stable outlook and, forecasting a decline in public debt in 2024, has revised upwards its growth estimates for the current year - Friday 19 May will be…
The slowdown in GDP in the Eurozone sends stock markets into the red and hits banks above all. Milan the worst. But the Nasdaq comes back to life with AI and Microsoft beats everyone
The rating agency expects a GDP to increase this year by 0,4%, to then recover from the previous year at +1%. Debt/GDP seen at 136%, against the euro area average of 93%.
Before the joint budget commissions of the Chamber and Senate, Bankitalia underlined the crucial importance of the Pnrr and the need for more structural fiscal actions and a greater reduction of the public debt. High risks are lurking.
After two months of decline, industrial production returns to growth - For Italian banks, the impact of Svb and Credit Suisse in Italy is limited. The economic bulletin of Via Nazionale
The Confindustria Study Center in a forecast report estimated Italy's 2023 GDP to grow by 0,4% compared to the zero growth expected a few months ago. No major braking but still worries for the future. Bonomi dubious about…
The new Eurostat accounting criteria that update the weight of tax credits weigh on the deficit. Istat revises the GDP data slightly downwards. Positive signals from the manufacturing PMI
This year, India's GDP will overtake that of the UK and by 2023, India's population will overtake China's - Despite the Adani scandal, Western investors have not abandoned the Indian Stock Exchange
European Commissioner Paolo Gentiloni is more positive for 2023 and 2024, although some risks persist. Here are the winter 2023 economic forecasts presented by the EU Commission
Since 2020, inflation has failed to stimulate business investment. The variables that will influence insolvencies this year are GDP and financing conditions
Lombardy, which will go to the vote next Sunday, brings to the next junta a dossier made up of growth and exports among the first in Europe. But also gaps in health and the environment
The governor of the Bank of Italy in his usual speech at Assiom Forex, his first official event of the year, strikes a balance between doing too much and too little.
The Parliamentary Budget Office updates the estimates on the Italian economy in 2023-24: trade, consumption and investments slow down, employment rises
The International Monetary Fund is revising upwards the world GDP and that of Italy but the Stock Exchanges are anxiously waiting for the Fed's decisions on rates. Samsung alarm on electronics
Inflation will not return to 2% until 2025, meanwhile the Italian economy will return to stagnation with reduced growth and if Moscow turns off the taps with the risk of recession
After a series of quarters of sustained and constant growth, Italy's manufacturing engine is slowing down and in danger of stopping. This is what emerges from the Assolombarda Economics Booklet
Speaking at the Bergamo Business City Festival, the Chief Economist of Intesa Sanpaolo Gregorio De Felice spoke about the scenarios awaiting Italy and Europe
In 2023, the British GDP will register a contraction of 1,4% - Maxi maneuver announced by 55 billion of spending cuts and tax increases to cover the hole in the public accounts
The EU executive predicts that the EU, the euro area and most of the member states (including Italy) will find themselves in a phase of recession in the last quarter of the year. Here are the latest EU estimates
The preliminary Istat data goes beyond the estimates of analysts and forecasters who also assumed a possible drop of 0,2%. At European level, Italy grew more than Germany (0,3%), France (0,2%) and Spain (0,2%)
The Draghi government leaves a rich legacy, with rapidly recovering public finances, strong exports, faster recovery than other countries. But above all with a method made of cohesion, industrial policy, screwdriver work, support for demand and businesses. It is convenient…
The Over 65s are the only category that in recent years has seen their income rise and the risk of poverty fall. Their average assets are 292 euros. The Silver Economy employs 4,6 million people
The Parliamentary Budget Office (UPB) promotes the MEF's estimates on growth for 2022-23, but warns: "Because of the war, the prospects could change significantly, even in a short time"
The clear downward revision is based on expectations of rising inflation and a reduction in consumption. The situation is even worse in the Eurozone with a 2023 GDP of -0.1%, revised from +1,6%. Refinancing fears…
Two downward revisions of half a point on the 2022 and 2023 deficits emerge from the Update to the Def - But the estimate for next year's GDP collapses to 0,6%
On the growth of the euro area, the OECD estimates +3,1% in 2022 and +0,3% in 2023: therefore in both cases lower than that for Italy
The room for maneuver for the budget law, to be approved in record time, is very narrow and will not allow any of the most expensive electoral promises to be kept
The ECB takes a hard line to counter inflation which rose to 9,1% in August. Lagarde explains that we are at the beginning of the path. Energy, food and a weak euro underlie the decision. Growth estimates revised to 24. Contrasted stock exchanges and…
According to the latest policy brief of the Luiss School of European Political Economy without effective common European answers, the increase in the price of gas can plunge the economy into a recession but this forces Italy even more to be rigorous even after the vote
According to the North-East Foundation, in twenty years the Italian GDP per capita has fallen from 22% above the European average to 6% below - Slow growth is the problem holding the country back: here is the ranking of the region's GDP per capita For…
Italy grew more than the European average in the second quarter - Russia prepares gas price hikes - Fed: tightening confirmed, but more relaxed - Goldman cuts estimates for China
The Parliamentary Budget Office improves its estimates for 2022 from 2,9 to 3,1%, but cuts those for 1,2 by 2023 points – Pnrr investments are worth 1,5% of GDP in two years
In spite of the sovereignists and the Cassandras (including Confindustria), the Draghi effect continues to surprise: GDP is accelerating, the stock market is clearly recovering and the company's quarterly results have gone better than expected
Despite the Government crisis, GDP accelerates and pushes Piazza Affari to the primacy also due to the great leap of Eni - Scivolone instead of Leonardo
Furthermore, according to President Cavallari, thanks to tax revenues there is an improvement in public finance balances - As for the Aid decree, "the measures are temporary"
According to Atradius Economic Outlook, global GDP to fall to 3,1% - Advanced economies to slow to 2,7%, while emerging economies to halve growth to 3,5%
According to EU economic forecasts, average annual inflation towards historic highs in 2022, GDP at 2,7%. Gentiloni: "Concerned amazement" for the political crisis
Inflation effects are lagging behind expectations, but cumulative growth over the two-year period remains the same – There should be no technical recession this year
The Observatory on Italian public accounts explains that, in the short term, the erosion of the real value of the debt clearly exceeds the increase in interest expenditure, bringing an advantage to the State
According to a former Fed governor, "the economy risks a crash a la Willy the Coyote" - The spread falls while waiting for the ECB parachute - Brussels is working on the gas cap
According to Bank of Italy, in 2019 the GDP of the South was still 10% lower than that of 2007, while in the Center and North the difference was 2% – Visco points the finger at productivity and demography
According to Bank of Italy, tourism is in chiaroscuro (millions of foreigners are missing), while buildings are recovering. Employment stagnates. 3,7 billion coming from the Pnrr
Only in an "adverse" scenario in which gas supplies were suspended, would Italy find itself in stagnation, with GDP stagnating and inflation close to +8%
In the Economic Outlook, the OECD drastically cuts its forecasts on Italian GDP and on Eurozone growth - Inflation on the rise and wages do not offset the increases
In April, in the Def, the Executive had forecast a +3,1% for this year - Istat warns: "High downside risks for Italian GDP in 2022. And inflation will continue to grow"
According to the analysis centre, the risk was of registering a contraction in GDP as early as the first quarter of 2022 - Construction and reopening are pushing positively, but inflation weighs on
Istat had forecast a decrease in the Italian GDP of 0,2% compared to the previous quarter - At the beginning, Milan holds thanks to the GDP data but falls with those on inflation in May
According to the Treasury Minister, "Italy's macro picture has deteriorated sharply" due to the war, but the main problem remains the twenty years of stagnation
Moody's reduces estimates of world and Italy growth but does not upset the stock markets which rebound again - Saipem and the banks push the Ftse Mib
The government's estimates, already more optimistic than those of the UPB, will turn out to be far from reality if the efficiency of public investments is not high - In 20-21 spent 18,2 billion less than expected
The February estimates have been halved, but the uncertainty relating to the conflict also makes the new numbers precarious: with the elimination of Russian gas, it would be much worse