Economics
ECB's Visco Warns of Weaker Growth, Implications for Inflation
- Bank of Italy head cautions on economic outlook for Italy
- Weidmann, Villeroy offer similar assessments for euro area
Ignazio Visco
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Bank of Italy Governor Ignazio Visco joined his European counterparts in signaling that economic growth will be much weaker than predicted, warning of the implications for euro-area inflation.
“The prospects for the Italian economy are less favorable today than they were a year ago,” Visco, who sits on the European Central Bank’s Governing Council, said Saturday in a speech to the annual Assiom Forex conference in Rome.