Beyond the fluctuations in the Italian economy, the analysis
Political outlook in August 2019
Italy has an “artistic flair” also in political life and we have seen a key change in the composition of the majority coalition. In a few words, after the dramatic collapse of the first Conte government, at the head of a coalition between the Five Star Movement (Movimento 5 Stelle, M5S) and League parties (Lega), the President of the Italian Republic Sergio Mattarella decided to give Prime Minister Giuseppe Conte a second mandate. M5S and the Democratic Party (Partito Democratico, PD) will support the new government.
Strengths and weaknesses of the Italian economy
One of the most important strengths is the Italian exports of goods. They have been increasing quite significantly over the last years: Made in Italy is strongly demanded in the world! In 2018 the Italian exports of goods grew by 3.1% (total value of €463 billion), after a record-high +7.6% in 2017. Since 2010 external demand has been the only positive-contribution component of GDP.