“The risks weighing on economic activity are high and oriented downwards. Geopolitical tensions – linked both to the conflict in Ukraine and to the ferocious attacks in recent days in Israel – generate strong uncertainty about growth prospects. The latter could also be affected of the weakening of the Chinese economy and, in the euro area, of a particularly intense transmission of monetary tightening, with a further tightening of credit supply conditions”.
Sergio Nicoletti Altimari of the Bank of Italy said this at the hearing on Nadef.
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2023-10-09 15:14:00
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