Italian companies have proven to be proven "more resilient in the face of the shocks" posed by theCOVID-19 pandemic and the war in Ukraine, with a productionsystem which has grown stronger in the decade following the financial crisis of 2008-2009 and the debt crisis of 2012, Istatsaid Thursday.
Presenting the 'Report on the competitiveness of the productive sectors', Claudio Vicarelli, senior researcher of the Statistical Institute, explained that companies "have demonstrated a certain resilience considering the magnitude of the very strong shock".
Stefano Costa, first researcher at the Service for Economic and Social Analysis and Research of Istat, told the briefing that one in four Italian companies were at risk if the Europeancentral Bank does not ease its tight fiscal and monetary policy.
In the adverse scenario in which the ECB does not loosenfinancial conditions for companies, he said, "up to a quarter of corporations could go below the waterline, especially in the tertiary sector".
The report indicated that "following the rise in interest rates in 2022-23 24.7% of both healthy and more fragile enterprisescould become 'at risk' or 'strongly at risk'."
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