Without births and migrations 'demographic glaciation' in the North by 2040. Analysis by the Northeast Foundation, negative balance of 2.3 million residents.

There will be less consumption and investment. The heaviest effects will be seen in Lombardy (-673 thousand), Piedmont (-493 thousand) and Veneto (-387 thousand). Fewer inhabitants will mean a smaller internal market, therefore lower consumption but also lower investments. This is what a study by the Nordest Foundation states, starting from the negative birth record recorded in 2023.