Vicious circle btwn more saving and consumption drop

(ANSA) - ROME, OCT 30 - There is a "vicious circle" between more savings and a drop in consumption during the COVID pandemic, Bank of Italy Governor Ignazio Visco said at a Savings Day event in Rome on Friday.
    He added that "the crisis is persisting, and banks must support businesses".
    Visco urged banks to avoid accumulating non-performing loans without indiscriminate action. (ANSA).