Calabria's Economy is Growing, But the Pace is Slow and Uncertainty Remains

Calabria's economy is showing signs of improvement, but the pace of growth is slow and uncertainty remains.

According to a recent report by the Bank of Italy, Calabria's GDP grew by 0.9% in 2022, which is slightly higher than the national average of 0.7%.

The growth was driven by a number of factors, including increased tourism and exports, but it was also helped by government stimulus measures.

Despite the positive signs, there are still a number of challenges facing Calabria's economy.

The unemployment rate remains high, at 11.5%, which is well above the national average of 7.8%.

In addition, Calabria is still heavily reliant on agriculture and tourism, which are both sectors that are vulnerable to economic downturns.

The Bank of Italy warned that the war in Ukraine could also have a negative impact on Calabria's economy, as it could lead to a decline in tourism and exports.

In conclusion, Calabria's economy is showing signs of improvement, but the pace of growth is slow and uncertainty remains. There are a number of challenges that still need to be addressed, including the high unemployment rate and the reliance on agriculture and tourism.