Record-breaking Italy: growth in 2022 doubled France and Germany
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Italy, a record 2022
We are preparing to close a record 2022. Despite rising inflation, high energy prices and the boom in raw material prices have created many problems for households and businesses, in the last 12 months (third quarter 2022 over third quarter 2021), Italian economic growth has been double compared to that recorded by our main commercial competitors present in the euro area. In fact, if in our country the GDP increased by 2.6 per cent, in Germany it grew by half (+1.3 per cent) and in France by even less (+1 per cent). Also in the same period, the average of the Euro-19 area rose by 2.3 percent (see graph below). In short, this year we have “defeated” everyone, proving that we have successfully left the pandemic crisis behind us. Of course, 2023 will be a difficult year: in fact, very worrying winds of crisis are blowing across Europe. However, with an economy that has definitely strengthened in the last two years, we should have fewer problems than the others in facing this new adverse scenario. According to the CGIA Research Office.
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