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Lazio Economy 2024: Growth and Challenges
Analysis of Lazio's regional economy in the first half of 2024, highlighting growth despite national and international challenges, with strong performances in tourism and public works but weaknesses in private investment and construction.
Italian
Italy
EconomyEuropean UnionInvestmentTourismGrowthConstruction
Banca D'italiaPnrr
Antonella MaglioccoManuela Pelati
- How did the tourism sector perform in Lazio during the first eight months of 2024?
- Tourism in Lazio grew by 4.8% in the first eight months of 2024, driven by increased spending from foreign tourists, especially from the US. The growth in tourism also boosted the service sector, particularly in Rome.
- What was the situation in the construction sector, and what factors influenced it?
- The construction sector weakened, partly due to a decrease in demand related to the Superbonus. However, public works projects, particularly those related to the Jubilee 2025 and the PNRR, helped offset this decline.
- What was the overall state of the Lazio region's economy in the first half of 2024?
- The Lazio region's economy showed growth in the first half of 2024, but it was slower than in 2023 and impacted by national and international conditions. Public works spending increased significantly, while private investment and consumption remained weak.
- What was the performance of the industrial sector, including its export performance?
- The industrial sector showed signs of recovery, with positive growth in exports, particularly in the pharmaceutical sector. However, the automotive sector faced difficulties.
- What was the impact of high interest rates on the credit market, and what are the expectations for the future?
- High interest rates slowed demand for mortgages and loans, but consumer credit performed well. A recovery in demand is expected in the second half of the year.