Italian companies have proved to be
proved “more resilient in the face of the shocks” posed by the
COVID-19 pandemic and the war in Ukraine, with a production
system which has grown stronger in the decade following the
financial crisis of 2008-2009 and the debt crisis of 2012, Istat
said Thursday.
Presenting the ‘Report on the competitiveness of the productive
sectors’ , Claudio Vicarelli, senior researcher of the
Statistical Institute, explained that companies “have
demonstrated a certain resilience considering the magnitude of
the very strong shock”.
Stefano Costa, first researcher at the Service for Economic and
Social Analysis and Research of Istat, told the briefing that
one in four Italian companies were at risk if the European
central Bank does not ease its tight fiscal and monetary policy.
In the adverse scenario in which the ECB does not loosen
financial conditions for companies, he said, “up to a quarter of
corporations could go below the waterline, especially in the
tertiary sector”.
The report indicated that “following the rise in interest rates
in 2022-23 24.7% of both healthy and more fragile enterprises
could become ‘at risk’ or ‘strongly at risk’.”
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