In recent years, the Italian production system has moved through a sequence of overlapping shocks (pandemic, energy crisis, geopolitical tensions, market speculation) which have progressively changed the physiology of the economic framework. The findings of the Unioncamere Observatory and the analyzes by Cerved for 2025 return a now stabilized figure: the business crisis is no longer a cyclical phenomenon, but a structural component of the system.
In twelve months, overall procedures in Italy reach 13,470 (+15.5% compared to 2024), while “other procedures” (precautionary and protective measures, compositions with creditors, restructuring agreements and forced liquidations) grow by 39.8%. The effect is that of a regulatory system, strengthened by the Business Crisis and Insolvency Code, which anticipates the emergence of difficulties in a macroeconomic context marked by high rates and market instability.
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