“The forecasts, also based on data from the European Commission, indicate that we will not have a recession, even if we see risks linked to developments in Eastern Europe and to energy prices, which if they remain very high will not help”. Economy Minister Daniele Franco said this during a panel at the World Economic Forum in Davos.
“I believe – he added – that the ECB will have to balance the need to bring inflation under control with the need to avoid another recession in Europe, it is a difficult balance”.
“We all know that rates will go up, the point is how fast they go” and the fact that much of the inflation in Europe is from supply, linked to energy prices, “I think it should make us focus on energy prices first, and then it should be considered in the speed with which rates are raised, “he stressed.
Source: Ansa
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