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Bank of Italy’s Visco Says Recession in Italy Unlikely: RAI

The conflict in Ukraine is “a terrible event,” but the economic fallout from the war is not enough to push Italy into recession, Ignazio Visco, a member of the European Central Bank’s Governing Council, said in an interview on Rai television’s news service TG3.  

The event doesn’t have “the global dimension” of the last worldwide financial crisis or the pandemic,” Visco told TG3.