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By Rodrigo Santos Andrade
Milan’s hosting of the Winter Olympics comes as the city is emerging as a new hub for global wealth.
Originally driven by Italy’s favorable flat-tax regime, the city is now benefiting from stability, expanding financial activity and a cosmopolitan lifestyle that it hopes can rival London and Paris.
Yet rising property prices and mounting cost-of-living concerns highlight the challenges that come with rapid growth.
The real test for Milan may be finding a balance between prosperity and authenticity.
Channel: Bloomberg Television
Tags: Bloomberg Television, Winter Olympics