From investments to exports, positive signs from the Southern economy

From investments to exports positive signs from the Southern economy

(Finance) – Positive economic signals and a general stability of businesses for the southern economy in 2023. This is the photograph taken by the Check-Up Mezzogiorno 2023, the economic analysis on the state of health of the southern economy carried out annually by Confindustria and SRM (study center connected to the Group Intesa Sanpaolo), which confirms some positive signs and a general stability of companies compared to what emerged in the 2022 edition.

The estimate of the summary index of the southern economy for 2023, elaborated taking into account the main macroeconomic variables, it is growing for the third consecutive year, after the collapse recorded in 2020. The estimated value for 2023 is equal to 534.9, i.e. 8.8 points more than the figure for the year previous. Furthermore, in the wake of what emerged for 2022, the 2007 level is exceeded. The GDP forecasts in the South for 2024 stand at +0.6%. The actual “grounding” of available resources, primarily those linked to the Pnrr, will have a considerable influence on the confirmation of this data. Of the approximately 14 billion in new measures and additional resources of the Plan, approximately 12 are intended for businesses: 6.3 billion for Transition 5.0, 2.5 for green supply chains and net zero technologies, 2 for development contracts for the agri-food supply chain, 852 million for agricultural parks, 320 million for support for green investments and 50 million for critical raw materials.

The estimate on the data relating to investments in the South is decidedly positive, growing by 4 percentage points compared to 2022 and by 17 compared to 2019, confirming a dynamic that must certainly be strengthened, through adequate policies to support business activity . Furthermore, the contribution is particularly significant of exports, which grows by over 40 points compared to 2019.

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