• Measures allow a link of reforms to development
  • Oil prices and favourable monetary policy will support the economy
  • A recovery is only possible through new investments
  • Italian economy could be growing faster than BOI economic forecasts published before ECB QE decision. Prior forecasts were 0.4% GDP 2015, 1.2% 2016
  • Credit conditions have improved over the last few months
  • Financial and macro scenarios remain fragile

Deputy governor Fabio Panetta speaking in Rome