Ignazio Visco, a member of the ECB Governing Council and governor of the Bank of Italy, said that the new wave of the pandemic in Europe is a serious cause for concern, adding that it still remains unclear how it will eventually affect the state of the Italian economy and the entire region.
"The latest data indicate that the Italian economy is recovering faster than we predicted a few months ago... Nevertheless, a high degree of uncertainty remains against the background of the health situation - the number of cases of coronavirus in the region is at an all-time high, and this is worrying," Visco said. .
At the same time, the governor of the Bank of Italy said that there are signs that short-term economic indicators remain generally favorable.