The Italian economy: growth and the public accounts Since the start of the pandemic crisis, our economy has demonstrated that it has a strong ability to recover, sending encouraging signals about its underlying conditions. Industrial production had already returned to pre-pandemic levels last spring, GDP is expected to return to these levels by mid-2022, and employment towards the end of the year.
The economy has benefited greatly from the support measures which, by protecting the production system and employment during the most acute stages of the pandemic, allowed economic activity to recover rapidly once the containment measures were eased.