Italy Freight Transport Report 2016
BMI View: 2016 will be a good year for Italy's freight sector as the upswing in domestic consumption will stimulate road freight growth and as exports of cars and pharmaceuticals will show more dynamism than observed in recent years, which will feed through into growth of rail and air freight.
Over the medium term, we expect growth in Italy's freight sector to slow down considerably as economic growth will be muted and exports will face strong competitiveness issues.
We have revised up (modestly) our forecasts for Italian real GDP growth in 2016 and 2017, to 1.2% and 1.0% respectively, from 1.1% and 0.9% as the recovery in domestic consumption will be strong.
Over the medium term, however, we hold a bearish view with regards to the Italian economy, as the moderate recovery in domestic consumption will be insufficient to offset the weak performance of the external sector.
Over our forecast period (2017-2019), we expect the economy to grow on average by relatively weak 0.8% measured in real terms.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook