Consumption appears to have been temporarily driven by the savings accumulated during the pandemic. 5. Italy's economy will inevitably be influenced by the worsening of the international outlook. Global economic activity is, in fact, slowing down and growth estimates for next year have been progressively revised downwards by leading international institutions.
Further exchange control liberalisation and greater flexibility in the interest rate regime are part of an overall move toward greater reliance on market forces in the financial sector.