Italian economy set to slow down sharply in 2023 - Visco

(ANSA) - ROME, OCT 14 - The Italian economy is set to slow down in a big way next year, Bank of Italy Governor Ignazio Visco said in the fringes of the IMF annual meetings.
    "There is a strong slowdown of the economy after a year that was better than expected," Visco said.
    "The months up to the summer went much better (than forecast) despite the serious effects of the increases in energy prices.
    "It's highly unlikely that things will go much better than we think next year, which is growth that is effectively flat".
    He added that Italy's massive public debt does not allow for large-scale budget policy moves. (ANSA).