Italy Information Technology Q1 2021
The core scenario is that the IT market in Italy will rebound strongly in 2021 when the deployment of a vaccine unlocksenterprise investment and removes operational bottlenecks, with this upturn in sentiment to be given a tailwind in US dollar termsby expected euro appreciation. There are however still significant downside risks, the highest impact of which is the potential foranother nationwide lockdown in winter 2020/21 if demanded by the public health situation. Even under the core scenario there areimportant questions about the shape of the recovery and lasting societal impacts of the pandemic, including the timing,effectiveness and uptake of a vaccine, the potential for persistent elevated rates of precautionary saving by firms and households,shifting patterns of remote and flexible working, and the extent to which the trend of accelerated digitisation that occurred duringthe acute phase of the pandemic is maintained.
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