Milan is recovering, the numbers say so

Milan is recovering, the numbers say so
Milan is recovering, the numbers say so

The pandemic has brought the whole world to its knees: the World Bank estimates that Covid-19 has given birth to one of the worst economic recessions since 1870.


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Economic recovery: the event “Rethinking Milan beyond 2020”

On the occasion of the event “Rethinking Milan beyond 2020”, we learned that they are 16,994 new businesses of the territories of Milan Monza Brianza Lodi registered with the Authority (+ 37.4% compared to the same period in 2020). Furthermore, the number of companies forced to close is lower than those recently born. At the end of June, there were 389,651 active companies, with a growth of 1.6% compared to June 2020.

For 2021, growth of 5.3% is expected for Milan, + 5.8% for Monza Brianza and + 5.2% for Lodi. The 2020 for Milan was drastic: the city suffered a loss of 16 billion euros of added value, with a decrease of -10.1% compared to 2019.

Video: Sala: “Let’s go back to living Milan responsibly but with more tolerant attitudes” (Agenzia Vista)

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Economic recovery: Carlo Sangalli speaks

Carlo Sangalli – President of the Chamber of Commerce – he said “The Milanese economy, in 2020, was particularly hit by the Covid crisis, with a loss of added value of over 10%. This year, thanks to the white zone, there is a return to growth, but the path to recover the lost ground is still long. We need to go ahead with the vaccination campaign and relaunch Milan with the resources of the National Recovery and Resilience Plan, almost 5 billion, which we hope will be invested primarily in the strengthening of tangible and intangible infrastructures, such as ultra-broadband, in the relaunch of tourism at an international level and in favor of the innovation of the entrepreneurial system “.

Economic recovery: sectoral performances

In the city of Milan, the industrial production suffered a drop of -9.5%, while the turnover in the segments of services (-13.3%) and del business (-11.8%). Fortunately, the first quarter of 2021 saw one growth for the manufacturing industry of + 6.8%. The tertiary sector has not yet fully recovered: -6.9% of turnover for trade and -1.7% for services.

READ ALSO: Beppe Sala talks about the future of the Municipality of Milan: “Yes to debt”

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