"The euro area grows at 5%, a slowdown is expected in the fourth quarter. Italy has had a second and third quarter more favorable than expected, the growth achieved at the end of September is 6.1% " where in the " Update note to the Def we had indicated 6% ". This was stated by the Minister of Economy Daniele Franco at the end of the Ecofin, in Brussels, explaining that growth in the last quarter "will also be less strong for Italy but we will close the year in any case above 6.1%".
The exponent of the Draghi government explained that the commitments that our country has made in its National Recovery and Resilience Plan for 2021 will be respected.
At the moment there are 23 of the 51 pre-established - to be achieved by the end of the year - but, assures the owner of the Mef, "the whole executive is at the forefront of monitoring" the projects. Italy has already received the first tranche of loans from the EU , amounting to 24.9 billion euros.
All Member States are experiencing a decisive economic recovery, but there are some unknowns on the horizon. Firstly, the increase in infections in the Old Continent, but also the increase in inflation, with the boom in energy prices in recent months.
At the meeting, Franco pointed out, "a strong concern and a significant alarm" emerged on the trend of the case curve and on the possible effects on the recovery. At the moment, he adds, "the growth of the eurozone will be over 4%: the area has recovered to pre-crisis levels in terms of Gross Domestic Product but not in terms of employment".
The expensive bill is the other unknown that, from now to the summit of EU leaders in December, will animate a Europe that is unable to bridge its divisions even on such an urgent dossier. The bet, on which everyone - from the vice president of the EU Commission Valdis Dombrovskis to the ECB - agrees, is that after a peak at the end of the year, energy prices will fall as well as inflation in general. "But let's see how quickly" warns Franco.
(Unioneonline / F)