Mutti’s food and Albini and Sealup fashion: Made in Italy that does not surrender
Ferruccio de Bortoli’s analysis on the increasing difficulty of a correct GDP measurement on the first shot. The instructions to fill in the 730
Statistics is not an exact science in the strict sense, it is said. There was no test, just see the continuous corrections to the trend of the gross domestic product, which Istat is forced to apply even years later. They are raised reviews with data that, if they had been disclosed immediately, would have shown a probably better health of the country. It doesn’t just happen in Italy. Why does it happen?
Because the calculation of the GDP escapes part of the tertiary sector. The services, which also make up most of the index, would be underestimated. GThe instruments of measurement of wealth seem insufficient for a more intangible economy. Ferruccio De Bortoli claims it that on the economy of Corriere della Sera, on newsstands tomorrow with the newspaper, analyzes the phenomenon, told in a study by Innocent Cipolletta and Sergio De Nardis on 2005-2023.
De Bortoli is asked: « We can enclose, in the figures of the national accounting all the changes that occurred in the way of producing and exchanging goods and services, whose value is increasingly intangible? ». Or, he adds, « Are we still too conditioned by the inertia of a material world, concentrated more on the worlds of production and consumption (the factory and the family) and less on individual subjects? ». Where individual consumption is, for example, those of social networks, in general online, and the factory is often overcome, for value added, by the services.
An example is the extraordinary review of the economic accounts, « which took place last September, by Istat and in tune with the Eurostat ». « The level of GDP – writes De Bortoli -, at current prices, was corrected for 2021 up 1.1%. The review was expanded, for 2023, to 2%. With a decrease, suddenly, of the deficit and public debt relationships compared to the gross domestic product ».
No prosecution, but a point of note: if the economy changes, the tools that measure it must follow.
Speaking of GDP: between January and March it has grown, says Istat, of 0.3%above the expectations: an acceleration that, writes the weekly in an in -depth analysis, must not lead to triumphalisms, because the trust of families brakes and with it the purchasing power. Francesco Mutti who opens in Poland, archives a positive 2024 but launches the alarm, also notes it in an interview: companies are reducing investments, an industrial policy is needed.
The cover is dedicated to the tandem Francesco Milleri (president of Delfin) and Francesco Gaetano Caltagirone, shareholders of Mediobanca, Generali and Mps. With them, and with the market, the structures of Italian finance will change: the economy tells the plans and scenarios of the Risiko.
Among the characters of the week are Ottavio Sartori and Franco Rinaldi, founders of Arredissima: after the acquisition of the Berloni kitchens they have a foreign plan. While the CEO of Ford Italy, Fabrizio Faltoni, says that the cuts announced by the group will have « an impact contained in the country ».
In the savings section, find the instructions to fill in the 730 without errors.