Italy's economy shows modest growth in Q2 2026 amid long-term structural uncertainty

Italy's economy showed modest growth in the second quarter of 2026, with a quarterly variation of +0.2% and a year-on-year increase of +1.0%. According to ISTAT, this growth was driven by positive national demand, including consumption and both public and private investment, which offset negative foreign demand.

While the current growth trend is slightly higher than the +0.6% annual growth projected by the government in its April Public Finance Document, the overall economic trajectory since late 2022 has been characterized as slow.

Parallel to these economic indicators, the 38th Eurispes Report examines Italy's future through three potential trajectories: "Patchwork" (managing emergencies without structural reforms, leading to a gradual decline), "Breakdown" (socio-economic instability and institutional distrust), and "Regeneration" (coordinated structural reforms and collective responsibility). The