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Roberto La Caria, STM: “This bullish policy of the ECB will most likely lead to a significant economic contraction, if not to a real recession”
According to Confindustria’s monthly analysis, the ECB’s continuous rate hike to fight inflation is increasingly holding back bank lending, weakening the Italian economy and businesses. The Government follows the same line, which considers the increase in rates more harmful than inflation and a path towards recession.
The same concerns come from operators in the sector. From the analysis of Studio Temporary Managera company specializing in temporary manager services, the recent communications that are not very “reassuring” by President Lagarde translate for Italian companies in almost €50 bn of interest, almost €30 bn more than in 2022, plus interest on finance leases.
READ ALSO: ECB, the hawk Lagarde does not follow Powell: new rate hike of 25 points
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