ECB's Visco: Euro area, Italy, and global economy are experiencing a difficult time
Comments by ECB governing council member, Ignazio Visco
- Trade tensions mostly fueled by US
- That adds to global economic slowdown
- Says that Italy must up productivity to fully recover its growth path
While there's no doubt that the euro area and the global economy in general is being hurt from trade tensions and slowing economic conditions in general, Italy has more domestic issues to worry about in order to try and get back to its 'glory days'.
Since the global financial crisis, the Italian economy hasn't really recovered much at all: