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] Japan's participation in the Global Combat Air Programme alongside the United Kingdom and Italy with a defined 2035 in-service target is embedding substantial autonomous systems technology development into the Japan Aerospace Exploration Agency and Mitsubishi Heavy Industries industrial base. Persistence Market Research
• [New] Unless efficient action is taken, the risk is that Italy's journey towards decarbonization will be further slowed, meaning it could lose its competitive edge to other European countries. Unilab Srl
• [New] The PNIEC sets out that Italy must reach an installed renewable capacity of 131 GW by 2030, a goal considered essential in order to respect European commitments on emissions reduction. Unilab Srl
• [New] Germany said it will not jeopardise electricity generation because of earlier climate promises it made while Italy has pushed back its coal phase-out plans from late 2025 to 2038. Al Jazeera
• [New] France's baseline deficit of -4.9% of GDP is projected to face a further 2.2% of heat-related pressure, and Italy and Spain are both flagged as at risk of breaching the Maastricht 3 %-of-GDP deficit ceiling once heat-related costs are incorporated into their fiscal trajectories. Al Habtoor Research Centre
• [New] The U.K.'s leadership role in the Global Combat Air Programme alongside Italy and Japan will lift defence propulsion R&D spending materially through 2033. Persistence Market Research
• [New] If we were to take everything into account in a single energy bill covering both utility bills and fuel, Italian households could find themselves having to pay an extra €876.8 by the end of the year compared with 2025. Il Sole 24 ORE
• [New] Among advanced G20 countries, Italy, Germany and Korea will face some of the most significant challenges from ageing. OECD
• [New] The UPB expects Italian GDP to grow by 0.9% in 2026 and 0.6% in 2027. upB
• [New] In a case-control study conducted in Italy, a significant inverse association between vitamin A intake and cutaneous malignant melanoma risk was found. PubMed Central (PMC)
• [New] Responding to Italy's unilateral decision, a European Commission spokesperson said a member state may exceptionally and temporarily reintroduce internal border control as a matter of last resort, to address serious threats to public order or national security. The Guardian
• [New] In Italy, the Po River basin has entered a state of high water scarcity, threatening rice crops and drinking water supplies across the north. gCaptain
• [New] The wildfire crisis is moving eastwards, with Greece and Italy facing rising risks as heat, drought and strong winds continue into early August. UN News
• [New] Researchers from Italy's Cagliari University are the latest to investigate why people living in Sardinia's Blue Zone might have an edge over the general population when it comes to living healthier for longer. Refractor
• [New] PQ Media forecasts an acceleration in global consumer spending on media and tech to 3.7% in 2026, up from 2.8% in 2025, largely fueled by events like the Winter Olympics in Italy, the FIFA World Cup tri-hosted by the US, Canada, and Mexico, and a host of federal elections worldwide. Kavout
• There is speculation at Italy's Meloni will call for national elections next April. Marc to Market Marc Chandler on Global FX and Capital
• Male chick culling has now been banned in Germany and France and will be prohibited in Italy in 2027. AgFunderNews

Last updated: 28 August 2026