Paolo Gentiloni: "Covid restrictions would no longer have the same impact on the economy"

By Elodie Lamer (Le Soir).

To some European newspapers, the Commissioner for Economic Affairs, Paolo Gentiloni, explains that inflation in Europe should remain more moderate than in the United States, where it is particularly high on food.

THE EVENING.

-Between rising energy prices, building prices, overvalued real estate, you foresee tough months for consumers.

And yet, you are announcing robust growth based mainly on internal demand ...

Paolo GENTILONI.

-

During the pandemic, we experienced unprecedented levels of savings.

This is called pent-up demand (return to high levels of consumption after a period of spending at half mast, Editor's note).

When the economy reopened, we did not see a desert with many bankruptcies and job losses, or people in poverty, even though there are inequalities and hardships.

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Overall, there are large amounts of savings and we have been able to limit the

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