In recent years, construction has driven the country's economy and GDP growth. Aided by incentives, the supply chain has driven half of Italy's GDP growth of +8.3% in 2021 and +4% in 2022. However, due to an uncertain geopolitical scenario, inflation and a restrictive monetary policy, growth has slowed in 2023, with Istat estimating a GDP increase of +0.9%. Similarly, the construction sector is also growing, albeit at a slower pace, mainly due to the stop of the superbonus, credit assignment and the scaling back of incentives for energy and seismic upgrades. Bucking the trend is public investment, which thanks to the National Recovery and Resilience Plan has diverted 59% of the 45.6 billion euros spent by the end of 2023 to construction. This also includes the European "Green House" directive, which will have a major impact on the Italian economy.
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