Jun 02, 2015
818
by Mauro Battocchi
Today, on Italy's Republic Day, I wanted to bring you some especially heartening news about the bel paese. Morgan Stanley, the American financial firm, recently released an outlook report for the Italian economy that put forward well-grounded, bullish analysis with regards to Italian growth. Like the rest of Europe, Italy took a substantial hit during the Great Recession, but many indicators are pointing towards a rebound taking hold late last year and growing in 2015 and beyond.
In short, the Italian economy looks set to grow again. The sustainability of the upswing hangs on whether Italy is able to engineer deep structural change. However, as readers of this blog well know, that reform process is already underway. What's more, the market is underappreciating this reform indicating stronger upside for those willing to engage the Italian economy today. According to Morgan Stanley, "Renzinomics is the best chance in years to escape from two decades of quasi-stagnation." That's good news.