Last update – January 2025
Italy
Post pandemic rebound has hit a soft patch
Country rating

MEDIUM RISK FOR ENTERPRISE
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade.
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Form of state |
Republic |
Head of government |
Georgia Meloni (PM) |
Next elections |
2027, legislative |
Strengths & weaknesses

- Labor market improved significantly, with employment at a record high
- Good appetite for Italian sovereign bonds, helped by recent rating agency actions and public debt strategies
- Investment has slowed but will be supported by NGEU projects implementation
- Declining inflation and recovering real incomes to support consumption

- Fiscal challenges remain, with Excessive Deficit Procedure launched by European Commission
- Still heavy red tape which hinders innovation and competitiveness
- Declining working-age population and demographic challenges ahead
- Efficient and timely allocation of EU funds is under test
- Structural reforms needed in many areas
Economic overview
Trade structure by destination/origin
(% of total, 2023)
Trade structure by product
(% of total, 2023)
Contact
Maddalena Martini
Allianz SE Branch Rome
Allianz SE Branch Rome