Panetta, considering Italy's satisfactory shock performance

2024-04-18T23:14:33.102Z

Highlights: The governor of the Bank of Italy, Fabio Panetta, said this in response to a question on the IMF forecasts which indicate that Italy's GDP will grow by 0.7% in 2024 and 0.8% in 2025. Panetta cited October 7 as a shock, the difficulties in MarRosso, Ukraine, and energy prices. "We have a very high level of uncertainty, the world is slowing down, and with Europe, Italy. Taking into account the shocks, Italy's economic performance has been satisfactory," he said. (HANDLE). The governor said Italy's economy has been "satisfactory" in the past few years. The IMF forecasts suggest that the Italian economy will grow by 0,7% in 2024 and 0,8% in 2025 and by 1.2% in 2027 and 2028.

"We have a very high level of uncertainty, the world is slowing down. Europe is slowing down with the world and Italy is slowing down with Europe. Taking into account the shocks, Italy's economic performance has been satisfactory". (HANDLE)