"In a global context that continues to be unstable and uncertain, the Italian economy is confirming excellent resilience, with overall positive macroeconomic trends". These are the words of Economy Minister Giancarlo Giorgetti, speaking at the assembly of the Italian Banking Association, assuring that "although the performance of the economy is still affected by supranational factors, in particular the decisions of the central banks, with all due caution we are confident that the 1 percent growth target set in the latest Economic and Financial Document is well within our reach. It is a confirmation that this is not a politically accommodating target but that it was and is based on criteria of reasonableness and responsibility". According to the Head of the Economy, debt reduction "is an achievable goal, which we must pursue with determination and which does not require, contrary to what we frequently read, a tear-and-blood maneuver, but a serious policy of controlling the dynamics of public spending and improving the efficiency of tax collection". "In recent months, the European economy has been expanding moderately after a long period of stagnation. This is a positive sign, but future developments remain uncertain," noted Bank of Italy Governor Fabio Panetta, on the other hand, according to whom "signs of a marked improvement in domestic demand are slow to emerge. Monetary conditions that are still restrictive, as well as concerns generated by geopolitical tensions and political events at the international level, weigh heavily". (Photo by Quirinale.it)
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