Similarly, if we look at the minimum travel time between two regions, weighted by population, Italy is once again at a disadvantage compared with the European average, suggesting the possible effects of congestion (Figure 5).8 Finally, subjective assessments are used to measure the adequacy of a country’s entire infrastructure endowment – and therefore not just transport – though great care must be taken when interpreting them.
Business profits are in good shape, and firms will be well placed to continue their high levels of investment as needed. They are also displaying a strong propensity to borrow, with business credit growth at its highest for nearly two decades.