(ANSA) - Rome, May 26 - Vincenzo Boccia, the new president of Italian industrial employers' confederation Confindustria, said Thursday that Italy's return to growth after years of recession was so modest it could not be considered a real recovery. "Our economy has undoubtedly got going again, but it's not a recovery," Boccia told his first Confindustria assembly as president. "It's a modest, disappointing rise, which will not take us back to pre-recession levels in a short period of time. "The consequences of the double dip in demand and production are still very deep. "We must equip ourselves with a new economic paradigm.
"We have to construct a modern market capitalist system that is open to capital and investment in industry of the future.
"We are starting from scratch".
Boccia says growth disappointing, not real recovery
New Confindustria chief says effects of crisis profound