Milan’s Economic Surge: The Olympic Effect

Milan's economy is forecasted to have significant growth by 2026, spurred by industry recovery, robust services, and the Winter Olympics. With GDP rise, real estate boom, and urban transformation underway, Milan faces both economic boost and resident displacement due to rising living costs.

Milan's economy is poised for accelerated growth in 2026, boosted by industrial revitalization, strong services, and the Winter Olympics, claims a report by regional business group Assolombarda.

The study anticipates Milan's GDP to rise by 1.7% in the coming year, primarily driven by the economic activities linked to the Olympic Games, which alone are set to contribute around 2.5 billion euros in production value.

Mayor Giuseppe Sala noted that, while the Olympics draw unprecedented media attention, the city must navigate challenges like high living costs leading to resident displacement.

(With inputs from agencies.)