Press Review 2020

Energy, a sustainable future

“Energy for a Sustainable Future” is the theme of the second Basilicata Think Tank Forum, an initiative launched in 2018 by The European House – Ambrosetti and Total.

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Reviving consumption to revive the country

by L. Tavazzi. To restart Italy and fill the economic and social chasm that Covid-19 has created in the shortest possible time, it is necessary to support the income of families and create conditions of trust for the future.

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The automotive realm. A rapidly expanding market

by V. De Molli. Sustainability, within which mobility plays a key role, is the main focus of the European and Italian strategies for relaunching the economy, and sustainable, advanced mobility is one of the cornerstones of the vision developed for the Province of Varese.

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Voraceous bureaucracy. A bill of 146 billion

by A. Puato. This is the added value that Italy would gain in five years, if it were efficiently aligned with France and Germany "The Bassanini reform should be resumed," says Stefano Venturi of Hpe. The study by The European House - Ambrosetti.

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Broad band and industry 4.0. Last call

by A. Puato. Industry 4.0 requires an efficient digital network. But to begin the recovery, all Italian industry, in general, needs investment in infrastructure, including traditional infrastructure, such as roads, rail and bridges. This is the message of the “Relaunching Italy” study by The European House – Ambrosetti Club guided by CEO Valerio De Molli, which ties Italy’s industrial development to digital development.

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Pensions: the great unknown

by F. De Bortoli. The European House – Ambrosetti, together with the Perseo Sirio fund and HSBC Global Asset Management, recently presented a detailed study, coordinated by Lorenzo Tavazzi, of pension funds.

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Cashback increases incentives

by D. Aquaro. The full “Cashless Italy” Plan could, by 2025, result in “an annual reduction in the shadow economy of €0.7 billion and recovery in VAT of €0.8 billion,” stressed Lorenzo Tavazzi, head of the Cashless Community of The European House – Ambrosetti.

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Milan is getting ready to occupy the role of European innovation hub

by V. De Molli. Research, innovation and technology are the main elements on which the ecosystem of the Life Sciences depends for its ability to respond concretely to global emergencies. In this process, Italy has the opportunity to demonstrate the extent to which the excellence of the national research program enables it to compete on the international level. The Italian Life Sciences sector, in particular, has exhibited reactivity, organizational capacity, openness to collaboration and, once again, scientific excellence.

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Investment slowed by bureaucrats. Italy behind in renewables

by S. Elli. Renato Mazzoncini, CEO of A2A, a listed company controlled jointly by the municipalities of Brescia and Milan, sent strong messages to political decision-makers and sector regulators. He did it from the stage of Cernobbio during the presentation of the report signed jointly by A2A and The European House – Ambrosetti. 

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Circular economy moves 29 billion in GDP in Italy

by L. Serafini. A study prepared by Fondazione Enel and The European House – Ambrosetti presented at Cernobbio which, for the first time, compares the state of advancement in the various EU countries and, using a new econometric model, measures the potential effects of circular economy on GDP and employment.

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Growth? More investment to conquer uncertainty

by G. Ferraino. In extraordinary times, unusual things happen. And so, at The European House – Ambrosetti Forum—since its inception considered to be an ultra-exclusive club of entrepreneurs and top managers who get together at the end of the summer each year on Como Lake to reflect on the agenda for the world, Europe and Italy—in this year of COVID that revolutionized the workshop format with the presence of virtual speakers thanks to hologram technology, the person who set the tone was Pope Francis.

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More Asia, less Europe. The ranking of countries that attract business

by G. Ferraino. Sustainability is now also a part of the Global Attractiveness Index (GAI) which, starting this year, introduces two new Key Performance Indicators (KPIs): pollution-related deaths and CO2 emissions. A decision made not only to push companies and governments towards putting the environment at the center of their strategies, but also to make sustainability a driver for policy over the next decade, explains The European House – Ambrosetti.

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Hydrogen, a national supply chain to decarbonize Italy

di C. Dominelli. Outlining the very significant potential of Italy, which could become an “enabler” in European plans, is the study, “H2 Italy 2050, a national hydrogen supply chain for Italy’s growth and decarbonization”, prepared by The European House – Ambrosetti in collaboration with Snam.

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State refunds for those who pay their bills with cards and apps

by D. Aquaro. "The bonus will be as effective as it is immediately usable: the issue of speed is decisive", explains Pio Parma, senior consultant of The European House - Ambrosetti. Whose Cashless society community had long ago solicited the measures accepted in the 2020 Budget law and in the related tax decree.

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Light and shadows on the economy of Liguria

by F. Canevesio. The Liguria region needs to be kick-started by significant investments in infrastructure, able to make existing infrastructures safe and to release capacity to support a new relaunch of the economy, according to a report by The European House - Ambrosetti.

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Ambrosetti: the survival of 30% of agrifood businesses at risk

by M.T.M. “The pandemic has caused interruptions in production in various sectors and slow-downs in the supply chain, as well as a reduction in disposable income with a resulting drop in domestic demand and slowing and/or postponement of private investment,” says Benedetta Brioschi, Food&Retail&Sustainability Area Manager of The European House-Ambrosetti, which has produced the study, “The Road Map of the Future for Food&Beverage”.

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The Region should capitalize on its strategic assets

by V. De Molli. To respond to such a deep crisis, we should not be afraid to use the term “reconstruction”, which brings to mind the difficult period of suffering experienced by Europe in the post-war period, over 70 years ago. Reconstruction, for Liguria, must mean starting from the region’s strategic assets on which its successes have been developed.

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With the crisis, there’s increasing need to strengthen community welfare

“In a few months, budget constraints will once again become dramatically relevant when, on a global level, this phase of fighting the effects of the pandemic and relaunching the global economy will have passed,” warned Carlo Cimbri, CEO of Unipol, during a webinar organized by the “Welfare, Italia” think tank promoted by Unipol in collaboration with The European House – Ambrosetti.

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Taking care of human capital

by F. De Bortoli. Preventing a new drop in university entrance like the one that followed the 2008 financial crisis. In the ten years that followed, university student numbers fell by 5% in Italy, but rose by 14% in France and 40% in Germany. This is what can be found in a report about to be published by The European House - Ambrosetti.

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Now for school (where it all passes through)

by Valerio De Molli. A profound overhaul of the school and university system is required, on a “University 5.0” model. Also required is investment in “cultural capital”, training citizens to understand the relevance of issues (diagnosis) and possible solutions (treatment): Italy is one of the OECD countries with the highest proportion of adults without upper secondary education (28% in the 25-34 age bracket and 72% in the 55-65 age bracket).

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White Paper Value of Water for Italy

by B. Brioschi. Water is a key resource for the competitiveness and sustainability of the country and it is essential to remember it, especially in the situation of serious difficulty that we are going through linked to the Covid-19 emergency.

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Incentives needed for internal demand, higher incomes a national priority

by V. De Molli. Extraordinary times require extraordinary measures. Even the European aid package—both through the monetary leverage of the ECB and the measures of the European Commission—is unprecedented. In addition to the measures of continental institutions, individual governments, starting with Italy, have made available significant additional resources. On a global level, we have calculated that over $8 trillion are on the table for the economic relaunching.

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A limping recovery without consumption

by I. Trovato. If Italy wants to begin growing again, among other things, it must think about providing support to consumption that is 60% of GDP, says Valerio De Molli, managing partner and CEO of The European House – Ambrosetti. Food and non-food distribution is a strategic economic sector for the nation’s future. Generating €542 billion in revenues and employing over 2.3 million people in 2019, in recent years it has represented an important driver for growth and modernization.

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Basilicata Region later on economic measures

In a recent study, The European House - Ambrosetti predicts a 7.5% reduction in national GDP by 2020. In the same study, a contraction in GDP of 6.8% is envisaged for Basilicata, with the agri-food sector alone which should remain in the positive field with + 1.7%, while other strategic sectors will mark the pace.

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With the Cashless Italia Plan, €4.5 billion more in tax revenues within 5 years

by F. Bertolino. In Italy, €208.4 billion in cash is in circulation, 11.8% of GDP. According to the 2020 report of the Cashless Society Community, organized by The European House – Ambrosetti, this figure has been increasing steadily since 2008 when the value of bank notes and coins was €128 billion, placing Italy in 28th position among the 30-worse economies in the world for intensity of cash use.

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Lighter taxes and investment to regain three GDP points

by V. De Molli. In addition to the obvious consequences on a humanitarian level, the spread of the coronavirus brings with it serious economic impacts. Estimating these impacts and preparing strategies to minimize damage is fundamental to attempting to manage this crisis situation.

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The resilience of businessmen in withstanding uncertainty

by V. De Molli. Over time, our indicator has demonstrated its forecasting ability and statistical reliability, with the margin of error in the 6-month forecast for quarterly growth trend at 0.1 percentage points. According to our estimates, the second quarter of 2020 could bring a slight growth in the trend of 0.2%.

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