According to Fabio Panetta, Governor of the Bank of Italy, the state of businesses, the solid position of households (thanks to "the high level of employment and low indebtedness"), and the robustness of banks, "allow us to look ahead with confidence," but without "exaggerating in optimism". As evidenced by “GDP growth of 0.3% in us as well,” thanks to “the expansion of services, especially those related to tourism” For the whole "in 2024, consensus economics forecasts indicate growth at a moderate pace of 0.8". The governor drew an encouraging scenario, although he did not fail to note the things that are wrong, partly dependent on the consequences of the ECB's restrictive monetary policy, which, however, will have to be revised for the future. Because “past increases are squeezing demand, productive activity and inflation”.
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