Southern Italy faces major population decline by 2050

Italy's Economy Minister, Giancarlo Giorgetti, announced that Southern Italy could lose 3.4 million residents by 2050 due to demographic decline. This poses significant challenges to public finances and debt sustainability. Giorgetti highlighted the aging population and declining birth rates as major issues, particularly in the South. He stated that the government aims to address these demographic shifts, which are projected to cause a population decrease across the country. The minister's remarks were made during a hearing on demographic transition, emphasizing the need for policy adjustments. The decline is expected to be more severe in the South, with a potential loss of 7.9 million residents by 2080.