Italian economy faces tougher challenges in 2022
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Significance This fast growth will more than offset the impact of the pandemic, which pulled down real output by 8.9% in 2020. Nevertheless, there are significant downside risks associated with inflation, monetary policy and political uncertainty. Impacts Italy faces higher borrowing costs in the new year as the ECB gradually tightens its ultra-loose monetary policy. If the winter is cold and Russian energy supplies run short, Italy will have to tap its strategic reserves to slow the growth of prices. Skilled labour shortages, weak productivity and inefficient public bureaucracy will weigh on medium-to-long-term growth.
2019 ◽
Vol 12
(1)
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pp. 121-136
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2021 ◽
Vol ahead-of-print
(ahead-of-print)
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2021 ◽
Vol ahead-of-print
(ahead-of-print)
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2018 ◽
Vol 3
(3/4)
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pp. 139-152
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2016 ◽
Vol 31
(2)
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pp. 312-324
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2021 ◽
Vol ahead-of-print
(ahead-of-print)
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