Import export,
how to save the economy in difficult times
The crisis, inflation, energy, and climate issues as well as war have caused various uncertainties internationally. It is well known that made-in-Italy is a trademark and our exports hold up a good part of our GDP.
Italian exports
According to a study by SACE (a joint stock company controlled by the Ministry of Economy and Finance), exports are managing to keep their production system almost intact, maintaining international relations with some of its main buyers such as the United States, the United Arab Emirates, Spain, and India.
Next Generation EU
It is no coincidence that Europe’s Recovery Plan was born with the NextGenerationEU program, a temporary instrument that will guarantee 800 billion euros to be allocated to repair the great economic and social damage caused by the COVID19 pandemic.
The plan consists of six major points, divided by thematic areas:
- Digitalization, innovation, competitiveness, culture, and tourism
- Research and education
- Health
- Inclusion
- Sustainable infrastructure
- Green revolution and ecological transition.
2023: what should we expect?
What will happen to us in the upcoming months? The Russia-Ukraine conflict and in its resolution hold the balance of power. If that conflict stops soon, exports could grow by about 5 percent in value and as much as 4 percent in volume. In contrast, if the conflict goes on, it will be more difficult for Italy to recover.
According to the SACE forecast, it is hoped to return with more attractive values in 2024 with 4.9 percent in value and in 2025 with 4 percent.
In short, not everything is lost. What is certain is that the upcoming months will be crucial and delicate for Italian exports at the European and international level.
As for us, we will continue to monitor the situation to find the best solution for your shipments each time.
