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Growth forecasts to be substantially revised - Franco

Inflation will continue to rise says economy minister

Redazione Ansa

(ANSA) - ROME, MAR 23 - Economy Minister Daniele Franco said Wednesday that the forecast for Italy's GDP growth this year is set to be cut in a big way after Russian's invasion of Ukraine.
    "Economic activity will slow and, for Italy, the revision of the latest (growth) forecast of the European Commission (of 4.1% for 2022) could be significant and inflation will continue to rise," Franco told the Bloomberg Italy Capital Markets Forum. (ANSA).
   

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