Visco: ‘On Italy’s GDP estimates significant downside risks’ – Economy

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The estimates of Italian GDP “bear significant downside risks”, says the governor of the Bank of Italy Ignazio Visco at Assiom Forex, which also mentions geopolitical tensions, Brexit and the possible fallout from the coronavirus. On this latter issue, Visco notes that the impact on the Italian economy is being assessed: it is difficult to estimate the effects, but considering the precedent of Sars, it could be “temporary and contained” at “a few tenths of GDP”. The governor also notes that markets “are benefiting for the time being from the decline in political uncertainty” with a decline in the spread, but growth is still vulnerable. The government implements the public investment plan – it is the message that comes from via Nazionale – with an overall vision for interventions on the tax system.

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