CERNOBBIO – Confidence on growth is back, Minister Renato Brunetta says that “Italy is once again becoming an interesting country for investors”. But in the meantime Italy still pays for years of low growth and loses two positions in the ranking – led by the United States – which measures the attractiveness for those who do business, that of the Global Actractiveness Index elaborated by Ambrosetti and presented at the Cernobbio Forum. From 18th place a year ago, our country slips to 20th, while maintaining a medium-high attractiveness. On the other hand, the score improves from 59.50 a year ago to 61.32. “The synthesis of Italy’s problems – reads the study – is the weakness of growth in the last three years”. Made 100 GDP in 1990, in 2020 it was equal to 112 and 122 a year earlier, in 2019. Distant from 146 in France and Germany, not to mention 197 in the United States.
The study also notes that the lack of wage growth in Italy is “one of the main phenomena that hindered economic development”. In 1990, per capita wages were low but at least “in line with almost all European countries”. In thirty years, however, they have grown by just 3.9% in all. Nothing compared to 48% of the UK, 42% of the US, 35% and 34% of France and Germany respectively. Today, the report continues, “the Italian average wage is 60% of the US average wage, 69% of the Dutch one, 73% of the German one.
Despite the country’s weaknesses, which are expected in part to be mitigated by investments related to the NRP. Furthermore, the recovery “will take place in a new scenario, in which companies will increasingly constrain their successes to a specific geographic area or to a particular country”. In short, a reshoring perspective, in which “Italy’s task will be to seize this opportunity to attract and promote investments from Italian and foreign companies, supporting the Made in Italy sectors and supply chains”.