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Global Scans · Italy · Weekly Summary


WHAT'S NEXT?: The Italian economy is already in a fragile state and a now likely period of political uncertainty would be likely to do further damage. In particular, Italy's banking industry is seen as vulnerable to a loss of confidence. Italy could be the next domino to fall out of the EU through increasing populist party support.

  • [New] Germany, France and Italy, the three largest economies in the monetary union, have all entered into economic recession, with Eurostat recording an even bigger drop in gross national product (GDP) compared to what markets expected. PubMed Central (PMC)
  • [New] Silicon Box to build chiplet plant in Italy Three year-old Singapore chiplet startup Silicon Box will invest €3.2 billion in Italy to build a packaging plant in northern Italy. Electronics Weekly
  • [New] Growing at a steady CAGR north of 6.1%, the installed base of smart electricity meters is expected to reach a penetration rate of 78% by 2028, driven by second-generation rollouts in countries such as the UK, Italy, Spain and Sweden alongside first-generation projects in Germany, Poland and Greece. IoT Business News
  • [New] The ECR could lose seats in Poland, and gain most seats in Romania and Spain, in addition to Italy. MaltaToday.com.mt
  • [New] The EPP could lose seats in Germany, Italy, Romania, and Ireland, but significant gains in Spain. MaltaToday.com.mt
  • Final inflation figures for Germany, France, and Italy will be released, while industrial activity in the Euro Area is expected to decline following two consecutive months of growth. Trading Economics
  • The IMF predicts that between 2024 to 2028 the UK will outgrow the G7 economies of France, Germany, Italy, and Japan. GOV.UK
  • Romania has one of the highest earthquake hazards in Europe, alongside Turkey, Greece, Albania, and Italy. Al Jazeera
  • The EU ewe flock is expected to decline further in 2024, with declines in many sheep producing regions including Spain, France, Italy and Greece. Agriland.ie
  • A senior official from Yemen's Iran - aligned Houthis also warned on Monday that Italy will become a target should it join in attacks against Yemen. Global Defense Corp
  • The EU requested that Italy take on the tactical command of the Aspides mission which the EU will establish to ensure the navigation safety of commercial ships in the Red Sea. THE INTEL DROP
  • European countries, particularly Germany, the United Kingdom, Italy, and France, are expected to be the fastest-growing markets. Yahoo Finance
  • In Italy, e-procurement systems led to cost savings of €3000 million; in Denmark, electronic invoicing saves taxpayers €150 million a year and businesses €50 million a year and the estimated annual savings if introduced across Europe could exceed €50000 million. BSI Group
  • The limited availability of financing will put the most exposed sectors and firms at risk, while the number of fragile firms remains noticeable in the UK, France, Italy and Germany. Allianz.com
  • The International Monetary Fund expects the American economy to expand 2.1% in 2024 - more than twice its forecasts for growth in the major advanced economies Japan, Germany, the United Kingdom, France and Italy. The Washington Post
  • In some regions of Europe, Prolia/Xgeva has already lost patent protection, and its patents in major markets such as the US, France, Italy, Spain, and the UK are set to expire between 2025 and 2026. Medical Trend
  • The question of who the EPP will work with in the next EU parliament has become a critical one with the rise of extremism across Europe and polls project significant gains for populist parties in Germany, France, Italy and other countries. The Guardian
  • From March, Google's internal Jigsaw unit which operates to tackle threats to societies, will run a series of animated ads across platforms such as TikTok and YouTube in five EU countries: Belgium, France, Germany, Italy, and Poland. MarketScreener
  • Contrary to the mistaken perception that renewable energy development rarely generates value in local areas, floating offshore wind could have significant positive impacts on Italian local communities, especially in Southern regions. BlueFloat Energy
  • The Czech Republic, Italy, Luxembourg, Portugal, Slovakia and Switzerland will have ERTMS operating on 100% of the Core Network by 2030. Railway PRO
  • Turkey's latest high-speed project will benefit from a €1.247bn ($1.351bn) financing package, including a €1.027bn loan guaranteed by the export credit agencies of the UK, Italy, Austria, and Poland. Railway Technology
  • Connecting Sicily with Sardinia and the Italian peninsula through a double submarine cable 970 kilometers long and 1,000 MW in capacity, Tyrrhenian Link will help foster the development of renewable energy sources, grid reliability and promote energy security in Italy. MarketScreener
  • By connecting Sicily and Sardinia with the Italian mainland via a 970 km, 1000 MW double submarine cable, the Tyrrhenian Link will foster the development of renewable sources, grid reliability and promote energy security in Italy. European Investment Bank

Last updated: 29 March 2024



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