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Newsweek International
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Jan 28-Feb 04 2022
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Cultural Traditions to Celebrate
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3 MIN READ TIME
Culture - HIGH, LOW + EVERYTHING IN BETWEEN
Cultural Traditions to Celebrate
Each year, UNESCO compiles traditions, knowledge, skills and art from communities across the globe, in a list of “Intangible Cultural Heritage.” The chosen items are not historical monuments or artifacts, but rather “living expressions inherited from our ancestors.” In a time of rapid globalization, the list serves to recognize and celebrate cultural diversity and highlights how traditional ways of life interact with the contemporary world. From the navigation skills of Micronesian wayfarers to a thousand-year pottery tradition carried by women in northern Peru, here’s a snapshot of this year’s list.
Meghan Gunn
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FROM LEFT: CREATIV STUDIO HEINEMANN/GETTY; MONTIRA AREEPONGTHUM/GETTY; TOP RIGHT: ROBBY KLEIN/CONTOUR/GETTY
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Newsweek International
Jan 28-Feb 04 2022
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DEPARTMENTS
The Archives
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Political stability leads to strong economic growth
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Praising the government’s “ambitious reform programme”, ratings agency S&P Global raised Italy’s outlook to “positive” in late October. The company noted that the government is on track to implement 51 “milestones” related to reform and investment by the end of 2021, and said that a strong investment-led recovery would bring the Italian economy back to prepandemic levels a year earlier than previously forecast. In April, the government presented the European Union with a plan for infrastructure investments and reforms targeted at raising Italy’s growth potential and securing more than $230bn in EU funding. Growth should reach 6% this year, according to offi cial forecasts, supported by both domestic measures and the European Central Bank’s efforts to achieve a unified monetary policy across the eurozone
Sanlorenzo - Italian luxury yacht builder gliding past its competitors
The global yachting market is thriving, with high-net-worth individuals showing clear sign of increasing their spending. Overall, the market for yachts was estimated at $64.1 billion in 2020, and is projected to reach $84.7 billion by 2027. This is good news for Italy, which accounts for the production of more than half of all yachts over 24 meters in length, both in operation and those currently being built worldwide
GCF - Italian railway infrastructure company aiming to expand around the world
Italy’s economy is set to grow by around 6% in 2021, according to official estimates, with the country expected to see strong growth over the coming years as it looks to invest over €220bn in its economy, with €191.5bn in grants and loans coming from the European Union’s pandemic recovery fund; the Mediterranean nation is forecast to spend the highest sum in the EU on rebuilding its economy over the next fi ve years
Gruppo Sapio - European leader in industrial and medical gases eyes billion euro turnover
Italy’s economy grew by 2.6% in the third quarter of 2021, according to the country’s national statistics bureau, with growth up 3.8% year on year. In another positive sign, both industry and services expanded. The government is predicting a GDP rebound of 6% for the full year, with future growth likely aided by more than €200 billion in Covid-19 recovery money from the European Union, which is set to help transform the country’s economy
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As the Italian economy looks to move beyond the pandemic, confi dence in the Italian manufacturing sector is growing, with IHS Markit’s Purchasing Managers Index (PMI) for Italy’s manufacturing reaching 61.1 points in October, up from 59.7 the month before, and following a steady rise throughout the last year
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The Italian economy could be set for a period of sustained growth, aided by more than €200 billion in Covid-19 recovery money from the European Union, which will be used to help transform the country’s economy, especially in areas like digitalization and sustainability. Italy’s National Recovery and Resilience Plan calls for €5 billion to be spent on digitizing healthcare, of which €1 billion is being set aside for telemedicine
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