“At the end of the year, a gradual exit from the measures to support the economy”, says Minister Franco

by time news

Time.news – “In Italy we are still adopting measures, in recent weeks they have been introduced for an amount equal to 1.5% of GDP and other measures will be taken in the coming weeks”. This was stated by the Minister of Economy, Daniele Franco, speaking in a debate with the British Finance Minister, Rishi Sunak, organized by Bloomberg. Franco explained that the government is thinking of a “gradual exit” from economic support measures “towards the end of the year”. There will be signs of recovery “in the second quarter” but “we are aiming for an acceleration of the recovery in the second half of the year”, he added.

Franco also recalled how the pandemic linked to Covid was “a painful lesson, they made a big mistake and we were not prepared”. Then a passage on Recovery: “We are working to present our Recovery and Resilience Plan to the European Commission by the end of April” and “the challenge for us is to fight the Covid pandemic, start the recovery, return to the GDP levels of the 2019. But also to increase our potential growth, with more investments, productivity and employment “, Franco reasoned, who concluded:” We look forward to an easing of the restrictions and to go towards normality in May or June “.

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