What has happened in recent years to Europe’s economy and industry?
Bank of Italy study analyses the impact of shocks after 2020
Understand the evolution of social and economic systems, especially industrial systems, in order to make prudent decisions. This also includes a good corporate culture (and, on the other hand, an awareness of every good component of society). A condition that is particularly true today, at a time when we are grappling with the (still lingering) consequences of a pandemic, two wars and major social stresses. “La politica industriale dell’Unione europea tra crisi e doppia transizione” (The industrial policy of the European Union from crisis to double transition) – a study written by Claire Giordano, Giacomo Roma, Alessandro Schiavone, Filippo Vergara Caffarelli and Stefania Villa of the Research and Statistics Department of the Bank of Italy – certainly contributes to a better economic knowledge of the facts of recent years.
The paper (published in the Bank of Italy’s Occasional Papers series) analyses the impact of shocks that have affected the activity and international competitiveness of European Union industry since 2020. After outlining the consequences of events, the study describes the industrial policy instruments developed by the European Union and adopted at both national and European level. There is also a focus on the initiatives taken to address these crises, the dual green and digital transition and the changing international political environment.
The Bank of Italy’s Research Group therefore identifies the sectors most affected by the recent shocks and structural changes for the green and digital transition: energy-intensive industries, mechanics, electronics and the automotive industry. It also shows how the EU’s approach to industrial policy is increasingly focusing on sectoral initiatives to boost investment in strategic sectors and enhance economic and national security. The question of the competitiveness of the European industrial system as a whole remains, it is stressed, and this will require a rethink of the current rules, greater cooperation between the European institutions and the Member States, and targeted and adequate funding.
The Bank of Italy’s study on the last years of the European industrial economy is a good read for entrepreneurs and managers, but also for anyone who wants to get a clear idea of what has happened, with particular attention to European industry.
La politica industriale dell’Unione europea tra crisi e doppia transizione
Claire Giordano, Giacomo Roma, Alessandro Schiavone, Filippo Vergara Caffarelli and Stefania Villa
Bank of Italy, Occasional Papers, No. 931, April 2025
Bank of Italy study analyses the impact of shocks after 2020
Understand the evolution of social and economic systems, especially industrial systems, in order to make prudent decisions. This also includes a good corporate culture (and, on the other hand, an awareness of every good component of society). A condition that is particularly true today, at a time when we are grappling with the (still lingering) consequences of a pandemic, two wars and major social stresses. “La politica industriale dell’Unione europea tra crisi e doppia transizione” (The industrial policy of the European Union from crisis to double transition) – a study written by Claire Giordano, Giacomo Roma, Alessandro Schiavone, Filippo Vergara Caffarelli and Stefania Villa of the Research and Statistics Department of the Bank of Italy – certainly contributes to a better economic knowledge of the facts of recent years.
The paper (published in the Bank of Italy’s Occasional Papers series) analyses the impact of shocks that have affected the activity and international competitiveness of European Union industry since 2020. After outlining the consequences of events, the study describes the industrial policy instruments developed by the European Union and adopted at both national and European level. There is also a focus on the initiatives taken to address these crises, the dual green and digital transition and the changing international political environment.
The Bank of Italy’s Research Group therefore identifies the sectors most affected by the recent shocks and structural changes for the green and digital transition: energy-intensive industries, mechanics, electronics and the automotive industry. It also shows how the EU’s approach to industrial policy is increasingly focusing on sectoral initiatives to boost investment in strategic sectors and enhance economic and national security. The question of the competitiveness of the European industrial system as a whole remains, it is stressed, and this will require a rethink of the current rules, greater cooperation between the European institutions and the Member States, and targeted and adequate funding.
The Bank of Italy’s study on the last years of the European industrial economy is a good read for entrepreneurs and managers, but also for anyone who wants to get a clear idea of what has happened, with particular attention to European industry.
La politica industriale dell’Unione europea tra crisi e doppia transizione
Claire Giordano, Giacomo Roma, Alessandro Schiavone, Filippo Vergara Caffarelli and Stefania Villa
Bank of Italy, Occasional Papers, No. 931, April 2025