Some economic indicators pertaining to our country, useful to understand how we entered the new year, before the Covid-19 health emergency.
Savings and Home: a fine 2019 the price of gold continue to rise in 1.522 dollari. Growth of 19% in a year, its best performance since 2010; 1.560 Milestones of liquidity € "parked" on current accounts and savings accounts. The Italians are ranked second in the world among people with the greatest propensity to save, but we have a lack of financial literacy;
Three out of four families living in a house owned. The 60% about the 57 million real estate owned by individuals in Italy is used as a main residence or appliance. In 2016, a home in Italy is worth on average 162.000 €, with a unit value of 1.385 €/m2, in decrease of 1.8% compared to 2015.
Welfare: worldwide, Italy does ranks fourth with 83 years of life expectancy; The index of old age is constantly increasing with 169 every elderly 100 young; There's a sharp demographic decline, unit of Italy today to 2018 rate of increase births at an all time low -31%; Italy spends on the pension system 16% National GDP.
Business and Jobs: Italy ranks 51st in terms of ease of doing business; In Italy only the works 50% of women, their presence on the Boards is to 33,1%; Italian your 4 It is not able to read his paycheck. According to a recent survey on 27% of Italian, if you receive a paycheck wrong, would not understand; The employment rates of young and old people in Italy are still low, the 31% young people between 20 and the 24 years to work against the 59% the OECD average and 54% between 55 and the 64 years against 61% the OECD average.
And then?
Waiting to see, at the end of this bad period we are living in what condition the Italian economy will be, here are two predictions:
1) the macroeconomic scenario created by Nomisma in which the picture that was taking shape before the viral onset was compared with what is now emerging, in light of the economic consequences that will arise from the necessary containment actions.
2) Confindustria's warning: “GDP will drop below 6 percent and the risk of depression is real”. And his on the crisis Precise study center: “at the end of the first semester they will be lost 42 billion“.
Alex Gaetani
Sources:
ABI Studies Office on Bankitalia / SI-ABI data September 2019, OECD, Mayor, Corriere della Sera, Adp, Agenzia delle Entrate, favorite, Nomisma – Overview 2020, Confindustria Study Center.