Worsening situation due to coronavirus cases will hit economic recovery – Visco

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The worsening of the coronavirus situation could affect the economic recovery in Italy and the rest of Europethe member of the Governing Council of the European Central Bank (ECB), Ignazio Visco, warned on Friday, Reuters reported.

“The deflation risk in the euro area it is lower than six months ago, but it should not be ignored, “said Visco. He added that the sharp increase in the savings rate of households in Italy it runs the risk of acting as a brake on the country’s economic recovery.

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Credits: Forex Street

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