In the last chapter of EcoTV, BNP Paribas’ monthly economic update, William De Vijlder analyses the italian economy in the aftermath of the presidential elections.

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According to the chief economist, Italy has seen a significant acceleration of growth in 2017 and market confidence has been high. ECB’s QE is one factor but past reform efforts (pension reform, labour market reform, initiatives to boost innovation and R&D, etc.) and the decline of non-performing loans also play a role.