The analysisLarge companies are driving growth. The Mediobanca studyIn 2025, large and medium-sized Italian companies invested more than in any other year since 2016, but employees have still not recouped the cumulative inflation of recent yearsbyDavide Mattone29 SEP 26
EDITORIALSA price cap is sensible if imposed by the private sector, but not if imposed by the state. The Eni caseThe market price cap is good news. Combating the rise in transport costs – which is then reflected in the prices of goods transported, leading to inflationary effects – is essential to prevent a vicious circle of inflation and stunted growthbyRedazione26 SEP 26
the dataThe OECD raises its forecasts for Italy, but everything depends on the GulfGDP growth of up to 0.9 per cent in 2026, almost double the figure forecast in June. However, inflation is rising and the global economy is slowing down.byRedazione23 SEP 26
THE ANALYSISFiscal drag is back. Inflation is returning and hitting the usual suspects This time, the tax drain amounts to between 2.5 and 5 billion. The risk is that, once again, it will be employees and pensioners who foot the bill, having already been hit by delays in contract renewals and a loss of purchasing powerbyMarco Leonardi e Leonzio Rizzo19 SEP 26
complicated forecastsThe Federal Reserve’s costly gamble on inflationOver the past three years, the US central bank has underestimated the rise in prices. There is an element of bad luck linked to numerous unforeseeable shocks, but also some poorly targeted decisionsbyRiccardo Trezzi11 SEP 26
THE ANALYSISA mountain of debt and inflation are sending shockwaves through all the marketsGovernment bond yields are rising in advanced economies, driven by inflation and growing public debt. China is an exception and is keeping rates low thanks to its control over the banking system, albeit at the cost of weaker consumption and growth.byLorenzo Bini Smaghi5 SEP 26
a festival of incidentsInflation in Venice: between vaporetti and accommodation, it’s a rip-off!The era of ‘woke’ is truly over: economic issues have even made their way into the Venice Film Festival. And, as the controversies begin, cinemas are reporting sold-out screeningsbySaverio Raimondo2 SEP 26
editorialsGlobal shockwaves hit sovereign debtFears of inflation trigger a sell-off of government bonds. Governments on alertbyRedazione2 SEP 26
Trump’s inflationMarkets fear that the US will monetise its record debt. The way outIf necessary, the new Chairman of the Federal Reserve, Kevin Warsh, will raise interest rates. Whether the US President likes it or notbyLorenzo Bini Smaghi22 AUG 26
EditorialsThe ECB is preparing to tighten policy in SeptemberChief Economist Philip Lane warns: “Inflation at 3 per cent for the rest of the year”. And on El Niño and weather events: “In 2027, food inflation will drive the overall index”byRedazione19 AUG 26
