As the largest beneficiary of the Next Generation EU post-pandemic reconstruction plan, Italy has a unique opportunity to modernise its economy through structural reforms, generating new opportunities for investors.

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Understanding the outlook for credit markets in 2023

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Beyond the impact of domestic economic variables, euro rates are determined by the energy crisis and political monetary choices.

Understanding the latest UK budget and its main political, social and market implications

TLTRO repayments and redemptions will drive incoming ECB passive QT over the next few quarters.

Understand recent market reaction to the UK budget proposal that had significant market impact on the Sterling and look into what are the implications on global currencies.

Election outcome and political scenario: The centre-right coalition won Italy’s general election on 25 September, with approximately 44% of votes.

The energy crisis in Europe, coupled with supply chain bottlenecks worldwide, and accelerated monetary tightening are the major headwinds for the Eurozone and for the Spanish economy.

The growth outlook for Italy has been revised down on tighter financing conditions and monetary policy normalization, coupled with the energy crisis in Europe and global value chain bottlenecks.