Milan is abuzz with activity as the city recovers from the glamour of Milan Fashion Week, which wrapped up on February 25th. The event showcased Autumn/Winter 2024 collections from top luxury brands and emerging Italian designers, drawing international buyers, journalists, and celebrities. Prada’s sophisticated designs and Versace’s bold creations were among the highlights, cementing Milan’s status as a global fashion capital.

Beyond the catwalk, Milan’s economy is showing signs of steady growth. The Chamber of Commerce reports a 1.6% increase in exports in the first quarter of 2024, driven by machinery, fashion, and food products. The tourism sector is also thriving, with rising hotel occupancy rates benefiting the hospitality industry and related businesses.

The city is also undergoing significant infrastructure developments. The expansion of the metro system, with Line 4 nearing completion towards San Cristoforo, and ongoing work on tangential roadways aim to ease traffic congestion and improve connectivity. These projects, partially funded by EU recovery funds under the NextGenerationEU initiative, are expected to provide a long-term boost to Milan’s infrastructure and attract further investment.

However, concerns persist regarding the rising cost of living, particularly housing costs. Rental prices continue to climb, sparking debate about the need for affordable housing solutions. The Comune di Milano is exploring initiatives to incentivize social housing construction and regulate short-term rentals.

Milan is also promoting sustainable initiatives, including an expanded bike-sharing program and campaigns to encourage public transport use. Mayor Giuseppe Sala has announced plans to increase funding for museums and theaters, aiming to broaden access to the city’s rich cultural offerings.

The city is also engaged in discussions about the future of the Expo area, with proposals ranging from a large-scale park to a mixed-use development featuring research facilities and residential spaces. Meanwhile, AC Milan and Inter Milan continue to compete in Serie A football, vying for Champions League qualification and remaining significant cultural touchstones for the city’s inhabitants.