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The entire EU innovation strategy is following a mission-driven approach to make sure the these programmes shape the markets and can also provide concrete benefits to the European people. The recovery will be even more crucial for Italy, where COVID-19 impacted a social and economic system that already had long-term structural problems.
Italian rivers and lakes are suffering from a severe lack of water, with concerns the country could face another drought this year, Reuters reports. Water taxis and ambulances have been unable to navigate Venice's canals, while Lake Garda is at record lows. The problems are being blamed on a combination of factors: lack of rain, a high pressure ...
On a per capita basis, Italy lies 37th in the world for number of coronavirus cases, but 4th when it comes to deaths. In 2019, Italy had the oldest population in Europe, with 22.8% of its people aged over 65. It has one of highest life expectancies worldwide at 83 years. But a 2017 report showed 71% of over-65s had at least two underlying ...
Restrictions on travel have been introduced - both in Italy and beyond. It could have knock-on effects on an already sluggish Italian economy. Northern Italy currently is the center of the COVID-19 outbreak in Europe. So far, 17 Italians have died as a result of the new coronavirus, and 650 have been infected.
As the new coalition government settles in, these charts illustrate just a few of the economic challenges it faces. Anemic growth. Despite emerging from recession, growth remains sluggish and Italy still lags behind its European peers. The OECD projects growth will slow from 1.6% to 1.4% this year and 1.1% in 2019. Debt fears.
Leonardo da Vinci saw in animals the ‘image of the world’. Water – Dr Rebecca Sharpe. Leonardo da Vinci described water as “the vehicle of nature” (vetturale di natura), water being to the world what blood is to our bodies. From his earliest landscape drawings of a river cascading over rocks (1473), to the famous Mona Lisa (1503) and ...
Despite Italy’s GDP drop of almost 9% last year and the 15% loss of worth of its national brand, its top 30 labels managed to increase their value by 11%, reaching a total value of US$114.6 billion. Confirming the findings of previous reports, the Kantar BrandZ 2021 ranking found that the biggest contributor to that figure is the luxury sector.
Italy’s first official COVID-19 case was detected on February 21st. The new study which re-examined samples from a lung cancer screening trial between September 2019 and March 2020, suggests otherwise. It showed that of the 959 healthy volunteers enrolled in the trial, 11% had developed coronavirus antibodies well before February.
Italy is particularly vulnerable to shocks as imports account for three-quarters of its power consumption. Inflated fossil fuel prices are spurring competitive pricing in renewables, which could lead to a major energy transition. To avoid stalling the green transition, governments must take a two-prong approach of incentivizing clean energy ...
Still, it is difficult to see how restructuring of Italy’s debt can be avoided altogether. The alternative – exclusive reliance on a bailout – is tempting, as it may temporarily calm markets. But a bailout would only kick the can down the road. The fact that Greece’s debt problems still have not been resolved should serve as a warning.