In 2021，Italian economy rebounded sharply. Italy got a new Prime Minister and a national unity government with investments and reforms as top priorities. The pandemic hit Italy hard，but the country and the economy appear able and willing to react. 2021 embodies a promising new beginning for policies and a massive bet on stronger GDP growth. Will 2022 go on fire？Or will Italy go back quickly to the usual disappointing performance？Reforming the economy and，more broadly，the whole societal incentive structure，in order to lead to enhanced potential growth，remains daunting.