2023-09-04 19:46:08
Couple Valerie Segond
Posted 2 hours ago, Updated 1 hour ago
The government of Giorgia Meloni is struggling to disentangle itself from Italy’s structural problems, such as its amorphous growth and a public debt which amounts to 144.4% of its GDP. REMO CASILLI/REUTERS
ANALYSIS – The country’s growth failure casts doubt on the measures taken by the head of government, ten months following taking power.
At the Ambrosetti forum in Cernobbio, an Italian-style “mini Davos” on Lake Como, the Italian Minister for the Economy, Giancarlo Giorgetti, wanted to give pledges to an assembly which, ten months following the coming to power of Giorgia Meloni, begins to wonder regarding the common thread of his economic policy. “Italy’s problem remains one of supply, its reconstruction through sound public goals and effective private decisionshe said as if he wanted to remove doubts. Our production capacity must increase and productivity must be increased.He also promises that the next budget will tackle pensions to reward work and encourage the birth rate. His fighting spirit was appreciated by half of the audience.
However, the climate is no longer the euphoria of previous years, while activity is down sharply (-0.4% in the second quarter of 2023), record job creations have paused, and that the confidence of business leaders has stalled…
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