Italy has lost 46 billion euros in purchasing power over four years, Confesercenti says
Business association Confesercenti says Italy must build a 'shield' to reduce its vulnerability to external economic shocks, according to Nico Gronchi.
Italy has lost 46 billion euros in purchasing power over the past four years, according to business association Confesercenti, cited by ANSA.
Nico Gronchi, speaking on behalf of the association, said the country needs to build a "shield" to reduce its vulnerability to external economic events, pointing to the scale of the loss as evidence of how exposed Italian consumers and businesses have become to global shocks.
The figure reflects the cumulative erosion of household and business purchasing power amid a period marked by inflation and broader economic pressures affecting European economies. Confesercenti represents small and medium-sized businesses across Italy's trade and services sectors.
The association's warning adds to ongoing debate in Italy over how to strengthen economic resilience, with business groups increasingly calling for policy measures aimed at insulating the domestic economy from future external disruptions.
Further specifics on the proposed measures behind Confesercenti's call for a ‘shield’ were not detailed in the report.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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