June 13, 2024 1:57 pm
by MARCO VALLONE
“The report we are presenting today represents our usual in-depth analysis of the performance of the regional economy last year. In 2023, Calabria’s economy grew by 0.6%, slightly lower than the average for the South and for the country, but still a positive trend after the recovery phase already started after Covid”. As Marcello Mala Misura, Director of the Catanzaro Branch of the Bank of Italyinitially highlighted the first features relating to the performance of the regional economy.
In fact, it was held this morning at the Catanzaro branch of the Bank of Italy, located in Largo Serravalle 1, the press conference to present the new edition of the report on “The economy of Calabria”. In addition to the Director Marcello Mala Misura, the various researchers who edited the report were present at the meeting: Giuseppe Albanese, Enza Maltese, Iconio Garrì, Riziero Bruno (deputy director of the Branch), Antonio Covelli and Graziella Mendicino.
“On the business side” – Director Mala Misura then continued – “we are recording an increase in turnover levels, although to a lesser extent than the previous year. The services sector performed well, also due to the trend in trade and also due to a growth in tourist presences in the region. The favorable phase of activity continues in the construction sector. In the manufacturing sector we are recording a slight decline in production activity, especially for smaller companies”. “On the family side” – added the Director – “the increase in employment that occurred during 2023 still favored the maintenance of growth in disposable income, even if, in current value, the growth is was, but in real value (also taking into account inflationary growth) spending capacity was reduced by 1%. The levels of uncertainty also resulting from the geopolitical context and international crises certainly weigh a little on the prospects. However, the easing of the phase of monetary restriction could still contribute to relaunching business activity and also the reduction in the level of rates on credit to families”.
