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Franco: substantial revision of growth forecasts for Italy

2022-03-23T16:18:36.966Z


Inflation will continue to rise (ANSA) "Economic activity will slow down, and for Italy the revision with respect to the latest estimates of the European Commission (4.1% ed) could be significant, and inflation will continue to rise" as a consequence of the war.    Economy Minister Daniele Franco said at the Bloomberg Italy Capital Markets Forum, explaining that at a European level "the risk is that the recovery is endangered by shocks


"Economic activity will slow down, and for Italy the revision with respect to the latest estimates of the European Commission (4.1% ed) could be significant, and inflation will continue to rise" as a consequence of the war.


   Economy Minister Daniele Franco said at the Bloomberg Italy Capital Markets Forum, explaining that at a European level "the risk is that the recovery is endangered by shocks in the financial markets".

"It is a critical moment" in which "in the face of worsening prospects, economic policy faces considerable challenges and difficult choices. Cohesion at national level, coordination at European level and far-sighted policies are needed".

Economy Minister Daniele Franco said at the Bloomberg Italy Capital Markets Forum, explaining that "it is essential that the recovery does not lose its driving force" and that the impact of the energy shock on household purchasing power and competitiveness be mitigated. of businesses.


Source: ansa

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