In this situation, exports and industrial production have continued to increase as a trend, despite the remaining effects of supply-side constraints. Corporate profits have improved on the whole, but business sentiment has seen a pause in its improvement recently, mainly due to the impact of COVID-19 and the rise in commodity prices.
In other words, would I, as an Italian, be more likely to choose, for patriotic reasons, to hold a BTP (an Italian government security) in my portfolio than a French or German saver would? Maybe, but it is highly unlikely. Money is money, and no one likes to lose it for love of country, except in exceptional circumstances, like a war.