The Italian economy has started to recover after the slowdown registered in the last several months. The news is confirmed by the European Commission and by the National Bank of Italy, both entities announcing an economic of increase for this year and 2019. Foreign investors who want to open companies in Italy can find numerous business opportunities and can be guided by our consultants if they need help in registering their companies.
Italy is well on the way of recovering from the latest bad period it has been going through, according to the National Bank, which announces an economic increase of 1.3% for 2018, and a 1% growth for 2019. If for this year, the European Commission’s predictions are in line with those of the Central Bank, for 2019, the former’s predictions are a bit more optimistic announcing a1.1% growth for Italy’s Gross Domestic Product (GDP).
The first two quarters of the year brought increases of 0.4%, respectively 0.2%, the decrease registered in the second quarter being reflected by the higher oil price. However, no more factors are expected to have a negative effect on the Italian economy by the end of the year.
Our Italian company formation agents can advise foreign entrepreneurs who want to invest in this country.
Even if it is to early to make such statement, the National Bank also predicted how the Italian economy would perform in the next few years, the most realistic projection being for 2020 when the GDP increase is expected to reach 1.2%. This forecast too falls in line with the European Commission’s predictions which are quite positive.
The main reason behind this growth is the Italian authorities managing to register a higher compliance with EU rules which will help them reduce the gap between potential and real output of the economy. According to the European Commission, the output gap is expected to be reabsorbed at the beginning of 2019.
Italy is one of the most important economies of the European Union and if you are interested in starting a business here, please feel free to contact our company registration advisors for assistance in setting one up.