The Limited Times

Confindustria, in the second quarter still complicated scenario

5/28/2022, 8:12:54 AM


Amid "conflicting signals" for the economy "increases and shortages hit industry, fewer infections help services. Meanwhile, rates are rising". With "busier". (HANDLE)

(ANSA) - ROME, MAY 28 - Amidst "conflicting signals" for the economy "rises and shortages are affecting industry, minor contagions help services. Meanwhile, rates are rising".

With "more busy".

The 'flash conjuncture' analysis of the Confindustria study center shows that "in the second quarter of 2022 the scenario for Italy remains complicated (after -0.2% of the first GDP) for the continuation of the conflict in Ukraine. The data in April and May confirm the sum of commodity increases, scarcity of materials, high uncertainty. The slow waning of infections, on the other hand, could support consumption.


   Overall, however, the trend still appears negative ".


   With an in-depth analysis on the subject, the CsC also warns that a blockade on Russian gas imports "would be a shock on volumes and prices", with a "heavy impact". Natural gas from Russia, Italy's main supplier in recent years, could have a very strong effect on the already weakened Italian economy. This shock would cause a severe shortage of gas volumes for industry and services and an additional increase in energy costs. in Italy, in the 2022-2023 horizon, it can be estimated at almost -2.0% on average per year ".

(HANDLE).


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