ITALY’S FOREIGN TURNOVER
HAS SHARPLY INCREASED
WHILE DOMESTIC DEMAND
HAS COLLAPSED

The stagnation of Italy's GDP in the last few years does not result from a lack of ability by our companies to seize the opportunities of global competition and openness.

Rather, it is due to the dramatic slump in domestic demand, caused at least in part (both in Italy and Europe) by strict interpretation of the austerity measures, which has undermined our growth outlook.

From 2009 to 2015, Italian manufacturing industries have lost 2.7% of their domestic turnover, against an increase of 18.1% in Germany and of 6.9% in France.

By contrast, in foreign markets Italy shows a steady pace in terms of industrial turnover, increasing 39,3% against 45,9% in Germany and 22,6% in France.

 

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