Public investment can support it, in tandem with private investment, if rapidly and efficiently executed in the context of a gradual rebalancing of the public finances. Above all, however, interventions to strengthen and modernize the productive structure, to render it more dynamic and capable of creating additional job opportunities, must continue to play a central role in Italian economic policy.
Even if, as with past initiatives, they will take time to bear fruit, their implementation can immediately support firms and households’ confidence and, in this way, their propensity to invest and consume. Financial intermediaries The improvement of credit quality in Italy, under way since mid-2015, continued in 2018.