Business · Economy · 9 hrs ago
Confindustria calls for a new investment plan as Italy's recovery fund winds down
Confindustria director general Maurizio Tarquini has called for a new investment plan as Italy's recovery plan approaches its end.
The plan is part of the EU-backed National Recovery and Resilience Plan, known in Italy as the PNRR.
The current plan is expected to provide less support to growth in 2027, after helping drive investment and economic growth.
Tarquini says Italy should channel some private savings into public projects rather than rely on more government borrowing.
He points to €1.5 trillion in bank accounts and €400 billion in pension funds, and says incentives could direct some of that money into investment.
Moving a small share of those savings could bring €25 billion into the economy, according to his estimate.
Construction, infrastructure, energy and urban renewal could face pressure as incentives and contracts linked to the plan fade.
Confindustria says the plan's lasting effect on productivity is still unknown, and its research centre plans to publish a fuller assessment with its autumn economic forecast.
Confindustria has called for a new investment plan, dubbed “PNRR 2.0,” as Italy’s recovery fund winds down.
The group’s director general, Maurizio Tarquini, said the fund’s support for growth will ease in 2027.
He proposed directing some private savings into public investment projects.
Confindustria estimates that shifting small shares of bank deposits and pension funds could bring €25 billion into the economy.
Tarquini said the recovery fund has supported investment and growth, but its lasting effect on productivity remains uncertain.
- Who
- Confindustria, represented by director general Maurizio Tarquini.
- What
- It proposed a new investment plan and measures to direct private savings towards public projects.
- When
- The proposal was reported on 13 October 2026; the fund’s support is expected to ease in 2027.
- Where
- Italy.
- Why
- Confindustria says the recovery fund’s support for growth will weaken, so the economy needs other sources of investment.
This story does not have two clearly opposing sides.
Confindustria says the recovery fund supports half of Italy’s projected economic growth for the year.
Confindustria expects the fund’s investment stimulus to ease as the plan winds down.
- Proposed plan
- PNRR 2.0
- Bank deposits
- €1,500 billion in savings held in current accounts, according to Tarquini
- Pension funds
- €400 billion
- Potential investment
- €25 billion from redirecting 1% of current-account savings and 2.5% of pension-fund savings
- Estimated 2026 growth contribution
- About 0.5 percentage points, according to estimates by the Parliamentary Budget Office
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What people are saying
The economy must find other legs to grow. This is the real challenge.
The way is to bring private savings closer to public investment.
There is no room for more debt.
We cannot consider the PNRR a parenthesis. We have entered that path, and we must stay on it.