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The elites hope the storm will pass

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The elites hope the storm will pass

CERNOBBIO – A pouring storm and then the clear sky. The changing weather on the Lake Como Saturday night serves as a metaphor for the hopes of the financial and political elites gathered here for an Ambrosetti think-tank summit.

There are two storms on the world economy – the pandemic and the war in Ukraine – but the central bankers, ministers and captains of industry take refuge under the centenary ceilings of Villa d’Este and hope that the situation will improve as soon as possible.

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