Published on 7 Apr 2024 on Insider Monkey via Yahoo Finance
11 Best Italian Stocks To Invest In 2024
In this piece, we will take a look at the 11 best Italian stocks to invest in 2024. If you want to skip our overview of the Italian economy and all the latest news, then you can take a look at the 5 Best Italian Stocks To Invest In 2024.
The global economy, and particularly the European economy, has been in a state of constant flux since the outbreak of the coronavirus pandemic in 2019. The pandemic forced global manufacturing, travel, tourism, and hospitality industries to come to a halt, making the future uncertain for powerhouses such as Germany. For Europe though, it proved to be just one catastrophe in a set of others, as while the world was sputtering to an economic recovery at the tail end of 2021 and the start of 2022, the Russian invasion of Ukraine kicked off and shook up the European energy market that had come to rely on cheap Russian gas.
The combined implications of these two global events have in fact reworked the makeup of the European economy. Germany is long known to be Europe's economic powerhouse due to its sizeable companies such as Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWYY) and Volkswagen AG (OTC:VWAGY). However, the German economy hasn't recovered from the impacts of the pandemic, and this is where the Italian economy comes into play.