(ANSA) – VENICE, MARCH 12 – Due to the invasion of Ukraine by Russia and the general relative economic situation, for the CGIA of Mestre, Italy is at risk, not immediate, of stagflation (simultaneous increase in inflation and stagnation). After 16 days of war, the ideals are the boom in the prices of raw materials such as nickel (+ 94%), gas (+ 48%) and corn (+ 30%) together with a drop in consumption.
An economic situation – for the CGIA – which could also occur in Italy, as it already happened in the second half of the 1970s. Not in 2022, even if the trend seems to be marked: the difficulties linked to the post-pandemic, the effects of the war in Ukraine, the economic sanctions against Russia, the increase in the prices of raw materials and energy products risk, in the medium term , to push the economy towards zero growth, with inflation that would start to touch the double digits. A scenario that could make even the 235 billion euros of investments foreseen in the coming years by the NRP almost ineffective. (HANDLE).
Source: Ansa
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