Bank of Italy Governor Ignazio Visco
said in an interview with Bloomberg published on Friday that it
will take at least two years for the Italian economy to get back
to pre-COVID levels.
Visco added, on the other hand, that the GDP data for the third
quarter that will be released at the end of the month will be
better than forecast.
The central banker also said that Italy must make good use of
the money it will get from the EU Recovery Fund, calling for
investment in innovation, technology and education so that the
current obstacles to growth can be overcome.
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