(Finance) – In 2021 “the dynamics of GDP in Italy it went very well, we grew by 6.6%, a little faster than other countries, also because in 2020 we had fallen more “ of other countries, with a minus about 9% of GDP.
Thus the Minister of Economy, Daniele Franco, speaking at the conference “Two years in the trenches” of the Stensen Foundation, in Florence. This while “we have seen for a quarter of a century in which we have grown little, and bearing in mind that behind the GDP there are wages and jobs. In Italy we invest little: for several decades Italy has invested relatively little, we spend little in research and development. And behind our stagnation – he said – there is unsatisfactory labor productivity “.
As for the National Recovery and Resilience Plan “is a huge effort and if all this works, the impact on the economy can be very large “continued Franco.” A dynamic of the Higher GDP, an estimate – he added – is that in 2026 it could be 3.6 points higher “than it would be without the PNRR.
“We also know that growth comes from companies, from the private sector, from the propensity to invest and innovate”, while in Italy in recent years “the dynamics of investments were not particularly good “, Franco says noting that in 2021 the dynamics of investmentsi was positive, aeven by businesses. “And in addition to dynamic companies”, he continued, to grow “we need a society open to innovations and a society that tends to get older may be less inclined to innovate. Here we risk a vicious circle. A society that grows little does not pay off. a lot of work, we must try to break this vicious circle for which the demographic aspect is relevant: innovation – he concluded – is done with more young people “.
“There are no miraculous recipes to help a country with 60 million inhabitants grow: it is a country that needs very pervasive, very structural interventions. We know that higher deficits are not the solution, that they do not necessarily result in larger growth. But that the quality of public intervention “on this” is fundamental and there we have a lot of room for improvement “.