Despite the highly fragmented nature of the productive economy, which curtails its overall competitiveness, the positive performance of many firms on international markets shows that Italy has the potential to recoup the growth gap it has accumulated in the last twenty years. Our surveys show that a considerable number of firms use new technologies, even in the traditional sectors.
Rather, price stability is best thought of as an environment in which inflation is so low and stable over time that it does not materially enter into the decisions of households and firms.