Italian companies have proven to be "more resilient in the face of shocks" posed by the pandemic and the war in Ukraine, with a production system that has strengthened in the decade following the financial crisis of 2008-2009 and the debt crisis of 2012. This is
what emerges from 'Report on the competitiveness of production sectors' by Istat. During a briefing to present the report Claudio Vicarelli, senior researcher at the Statistical Institute, explained that companies "have demonstrated a certain resilience considering the extent of the very strong shock".
In the adverse scenario in which the ECB does not ease the financial conditions for companies, "up to a quarter of joint-stock companies could go below the waterline, especially in the tertiary sector". Istat indicates that "following the rise in interest rates, in 2022-23 24.7% of 'healthy' or 'fragile' companies could become 'at risk' or 'highly at risk'.
Reproduction reserved © Copyright ANSA