Amid “conflicting signals” for the economy “increases and shortages hit industry, fewer infections help services. Meanwhile, rates are rising”. With “busier”. The ‘flash conjuncture’ analysis by Confindustria’s research center shows that “in the second quarter of 2022 the scenario for Italy remains complicated (after -0.2% of GDP in the first) due to the continuing conflict in Ukraine. in April and May they confirm the sum of commodity price increases, scarcity of materials, high uncertainty, while the slow waning of infections could support consumption.
Overall, however, the trend still appears negative “.
With an in-depth analysis on the subject, the CsC also warns that a block on Russian gas imports “would be a shock on volumes and prices”, with a “heavy impact”. The economists of via dell’Astronomia estimate that “the possible block of natural gas imports from Russia, Italy’s main supplier in recent years, could have a very strong effect on the already weakened Italian economy. This shock would cause a severe shortage of gas volumes for industry and services and an additional increase in energy costs. The total impact on GDP in Italy, in the 2022-2023 horizon, can be estimated at almost -2.0% on average per year “.
Source: Ansa
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