Economy Minister Franco: “The Italian economy holds, there are signs of strength”

“Our economy is showing signs of robustness. Industrial production in March remained stable ». Thus the Minister of Economy Daniele Franco, speaking at the “Towards South” event: The European strategy for a new geopolitical, economic and socio-cultural season of the Mediterranean by The European House – Ambrosetti and Ministry for the South and for Territorial Cohesion . The minister then added that «it is essential that the management of the emergency does not make us lose sight of our main problem, low growth. We must put an end to twenty years of substantial stagnation ».
Istat estimates
Franco, to support the thesis that the Italian economy is not suffering, cites the preliminary Istat estimate which “in the first quarter signals a slight decline in activity, but at the same time our economy shows signs of robustness”. And he adds: “These are encouraging signs that our economy is holding up.” The minister said that we are experiencing “a difficult and uncertain phase”. “The shock we are experiencing due to the increase in exceptional energy prices and the war in Ukraine – explained Franco – causes a slowdown in economic activity and an overheating of prices”.