October 20, 2021
Economy

Investment helps Italy’s economy accelerate out of pandemic

Matteo Dell’Acqua never thought Italy’s rebound from Covid would be this good.

The 31-year-old boss of a family business says his investment in digitalisation and more environmentally friendly products made during the pandemic is paying off and has contributed to a 20 per cent annual increase in orders.

“It’s going very well,” said Dell’Acqua, whose company in Lombardy —Italy’s initial Covid epicentre — makes plastic pipes and tubing. The company is “sailing through” the post-pandemic phase, he says, thanks to “a positive atmosphere generated by the sudden and unexpected recovery”.

Italy, the first European country affected by the pandemic, is now changing gear in its recovery after a widespread vaccination programme, robust investment and expanding exports.

“Italy’s economic outlook is far better than we expected in the spring,” said Mario Draghi,…

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