Recession is not foreseen in Italy. This was expressed by Paolo Gentiloni, European Commissioner for Economic Affairs, Wrote agency TASS.
“The overall situation is extremely uncertain, but there is a desire for growth, we do not expect a recession, there are positive signals,” said Gentiloni.
Among these positive signals, the European Commissioner cited a fall in inflation, a fall in energy prices and adequate stability in the labor market.
According to Gentiloni, the special funds of the European Union (EU) created during the coronavirus pandemic will contribute to the economic recovery.
In the second half of February, Italian industrialists at the Confindustria association expression The view that the country’s economy is likely to come out of recession in the first quarter of 2023 (January-March).
Bloomberg, based on Eurostat data at the end of January WroteAfter a “surprise” growth at the end of December 2022, the economies of eurozone countries could survive recession in 2023. Neither double-digit inflation nor the ongoing conflict in Ukraine will prevent the decline in production.