Italy’s exodus of young talent worsens population squeeze

An exodus of educated Italians seeking better opportunities abroad is intensifying the economic challenges posed by an ageing labor force, according to Bank of Italy Governor Fabio Panetta. In 2024, nearly 191,000 people left Italy, with a significant portion being young, educated individuals, leading to a negative migration balance of skilled workers. Panetta emphasized the need for Italy to create attractive employment opportunities and suggested that legal immigration could help alleviate labor shortages in key sectors like construction and tourism.

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