The conflict in Ukraine is “a frightening event”, but the economic consequences of the war are not enough to lead Italy into recession, said the Governor of the Bank of Italy, Ignacio Visco and a member of the Board of Directors of the European Central Bank. Bloomberg.
The event does not have “the global dimension of the latest global financial crisis or pandemic,” Viscos told Italian public television.
Viscos expects oil and gas prices to remain high in the coming months.
“Prices will fluctuate around these high levels, will eventually fall during the second half and more decisively at the end of the year,” he said.
Source: Capital
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