Productivity in Italy is stagnating because the system has not yet adapted sufficiently to the new technologies, or to globalization. Understanding the reasons for this has been the aim of much of the research conducted by the Bank of Italy in recent years. I have reported on it several times, most notably in these annual remarks.
Our analyses point the finger at Italy’s productive structure, which is more fragmented and static than in other economies; and at government policies that fail to encourage, and often hamper, its development. 6  BIS central bankers’ speeches  The problem of the inefficiency of civil justice has to be tackled at the root.