Posted 4/3/2024, 12:17:42 PM
Italy's Economy Booms with Construction and EU Funds, But Critics Warn of Shaky Foundations
- Italy's economy is growing faster than other European countries like Germany and France, with 3.8% growth since 2019
- The construction and housing market is booming due to government subsidies like the "Superbonus 110" program that refunds 110% of renovation costs
- Low interest rates and loose fiscal policy with high debt levels are fueling Italy's growth
- Italy is benefitting from billions in EU recovery funds through 2026
- Critics warn growth depends heavily on debt and government subsidies that may not last