Video - OECD Economic Surveys: Italy 2026

Italy’s economy has proved resilient in the face of recent global shocks. Nonetheless, medium-term growth prospects are weighed down by high public debt, population ageing, and rising uncertainty linked to global trade policy, geopolitical tensions and stronger international competition. Reforms and investments under the National Recovery and Resilience Plan are helping to address long-standing structural weaknesses and support fiscal consolidation, and the Medium-Term Fiscal-Structural Plan continues many of these efforts. Ensuring that public debt declines durably will require improving spending efficiency, containing pension-related pressures, strengthening tax compliance and making the tax mix more supportive of growth.