The last month of the autumn of 2017 brought good news for the Italian economy from both the European Commission and the local government. The European Commission announced Italy will conclude this year with an economic growth of 1.5%, which is significantly better than last year. The forecast for 2018 is also a good one, according to the same European Commission. If you want to open a company here and need assistance, you can rely on our company registration consultants in Italy.
The end of the year will be marked by an economic surplus of 1.5% for Italy, according to the European Commission’s report issued at the beginning of November. The same report indicates that stronger domestic demand, consumption and the higher employment numbers which were triggered by the latest reform brought to the labor market are the most important factor contributing to this positive outcome. In terms of labor, the end of the year should bring a 1% increase on the Italian employment market.
The fiscal balance is also expected to improve, while the deficit should decrease to 2.1% by the end of the year.
Our Italian company formation agents can offer more information on the most recent changes brought to the employment regulations.
The economic growth will continue in 2018, according to the European Commission, but also to the Italian government. If the Commission announces a 1.3% increase, the government is a little more optimistic indicating a 1.5% growth. However, this is the first time in the last few years when the two institutions issue reports which almost coincide in numbers.
The Commission is quite confident with respect to investments in the private and public sectors, which are expected to pick up strongly in 2018. Tax incentives, the lending capabilities of the Italian banks and the structural reforms will most likely contribute to the growth of the local economy.
The fiscal deficit is expected to go down to 1.8%, according to the Commission and to 1.6%, according to the government.
For assistance in registering a company in this country, please contact our company incorporation agents in Italy.