From credit to prices, 2024 will be the year of uncertainty for businesses

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The ECB’s tightening of rates will also have its effects on credit next year, with a consequent negative impact on company investments. Exports will probably resume, but companies still have to deal with producer prices which, in the face of fierce international competition and family budgets under stress, are only able to pass on to consumption to a minimal extent. Without considering the uncertain geopolitical scenarios linked to the wars in Ukraine and the Middle East, which have many repercussions on the performance of the economy. Furthermore, what is about to begin will be the year of the European elections, with many issues related to the green and digital transition that still need to be resolved. A scenario that makes 2024 very uncertain for companies in Emilia-Romagna, Tuscany, Lazio, Marche, Umbria and Abruzzo.

This is that part of Italy which, thanks to its manufacturing, tourism and technological excellence, requires material and immaterial infrastructures to connect to the train of Northern Italy and Northern Europe, acting as a bridge, thanks to its ports, with the commercial routes which cross the Mediterranean from North to South and from East to West. A part of Italy, the central one, plagued first by earthquakes and then by floods, which asks to speed up reconstruction, the implementation of the Pnrr and the use of European funds.

For Annalisa Sassi, president of Confindustria Emilia-Romagna, «the challenge today is to be more flexible and capable of adapting to the processes of change underway, because the markets are increasingly complex and uncertain and we must grasp the changing needs, aware that we are on the right trajectory. Let’s not confuse the short-term horizon with the long-term scenario.”

PHOTOGRAPHY OF CENTRAL ITALY

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In Tuscany, businesses are still in difficulty following the flood. For this reason, the president of Confindustria Toscana, Maurizio Bigazzi, asks «first of all to reorganize the territory damaged by floods, landslides and storms: we hope that the remodulation of the Pnrr will serve as a buffer to stem the fall of the economy».

Lazio must now roll up their sleeves after Rome’s crushing defeat in the bid for Expo 2020. «We lost a match – says the president of Unindustria Angelo Camilli – but we didn’t give up competing. There has been a level of collaboration between institutions and businesses, and between business associations themselves, which must be enhanced to now accelerate the projects relating to the Jubilee, the Pnrr, the regional funds and the Rome waste-to-energy plant”.



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