Gentiloni, ‘inflation will continue its downward trajectory’ – Italy-World

by times news cr

2024-04-11 18:23:10

(ANSA) – ROME, APRIL 11 – “Since October, inflation has fallen to 2.4% in March, according to Eurostat data, and we expect this trajectory to continue in the next quarter”. The European Commissioner for Economy Paolo Gentiloni said this in the press conference at the end of the Eurogroup. “Overall, we remain confident that inflation will continue to decline,” Gentiloni underlined. Already the drop reached with the latest Eurostat flash estimate, he explained, “overall is good news for families across Europe” and is “good for a strengthening of economic activity in the second half of the year which we expect “. “We believe that there are obviously both downside and upside risks to the inflation outlook. In the central scenario of a steady return towards the ECB’s target, on the one hand there are risks that the disinflation process could slow down and on the other there is also the risk that the objective will continue to be exceeded with a stronger and more persistent transmission” of monetary policy or that “effects linked to geopolitical tensions on aggregate demand will weigh on aggregate demand and this could push inflation downwards”. (HANDLE).


2024-04-11 18:23:10

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