“Dollar headwinds and uncertainty: weak exports, slowed consumption, volatile industry, investments driven by the Pnrr”; with the Italian economy “almost at a standstill”, “weak” in the Eurozone.
This is the picture outlined in the flash economic situation by the Confindustria Study Centre, which highlights the rise in oil and gas prices and the surge in gold which, it underlines, typically records marked increases in moments of economic crisis, representing the safe haven par excellence because it is considered a risk-free asset.
“Tensions inflate gold and do not stop the stock market”, says the CSC. “The price of oil is no longer falling, the weak dollar is compromising exports, the cases of Venezuela and Greenland fuel the uncertainty which in Italy pushes families to save by slowing down consumption. The latest acceleration on the Pnrr, the reduction in sovereign rates, the rise in credit has a positive effect. The industry remains volatile” even at the end of 2025, “investments are the only push for GDP”, maintains the CSC. “Even the price of gas – he adds – is no longer falling, to levels more than double compared to 2019”.