Home » War in Ukraine, Blangiardo (Istat): “Risk of impact well over 0.7% of GDP. Inflation worries and will not improve”

War in Ukraine, Blangiardo (Istat): “Risk of impact well over 0.7% of GDP. Inflation worries and will not improve”

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War in Ukraine, Blangiardo (Istat): “Risk of impact well over 0.7% of GDP. Inflation worries and will not improve”

MILANO – With the outbreak of the war between Russia and Ukraine, “there was a block with respect to the hope of recovery”. The forecast was to reach the prepandemic GDP in April, “but it will not be so”. The president of Istat said so Gian Carlo Blangiardo to Sky Tg 24 reiterating the Institute’s estimate of a possible negative impact of the conflict of 0.7 points of GDP. The risk, she warned, however, is that values ​​could become “much greater”.

Blangiardo then focused on the theme of inflation. “As official statistics we are unable to give an indication of something that is not under control,” he stressed. “We live practically for the day,” he said, describing the price level as “worrying”, especially for less well-off families. “There is nothing to hope that things can improve,” he added.

From war risk negative impact on birth rate

President Istat, a long-time professor of demography, also dwelt on the impacts that the war could have on the birth rate. “The Italian population has fallen below the level of 59 million, has gone back to the level of 2006, with a trend that has been going on since 2014. The Italian population continues to decrease and it only happened in 1917-1918. The fear is that this new fear of war effect may lead to stay in wait, to postpone maternity and paternity projects which then becomes a renunciation “. At the same time, added Blangiardo, the wave of refugees fleeing the Ukrainian war “certainly” will impact Italian demographics, “attendance will increase” and the overall “foreign component” present in Italy by “approximately 5.2 million could increase. in an important way “.

See also  The IMF raises the estimates for Italy's GDP: + 5.8% in 2021 and + 4.2% in 2022. Downward USA and Germany

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