Italy’s Draghi may be facing his biggest-ever challenge with Italy’s economy
Long a laggard among European nations when it comes to economic growth, the Italian economy appeared poised for a modest economic recovery before the coronavirus pandemic hit a year ago.
The new Italian government headed by former European Central Bank Governor Mario Draghi has said that restarting economic growth is among its two main priorities, along with halting the spread of the coronavirus.
Up until now, Draghi is best known for promising to do “whatever it takes” as part of his efforts to save the euro currency from collapsing amid the global credit crunch in 2012. But analysts say that restarting Italy’s sluggish economy will be his biggest challenge yet.
2021-02-22 23:36:03 GMT2021-02-23 07:36:03(Beijing Time) Xinhua English
ROME, Feb. 22 (Xinhua) Long a laggard among European nations when it comes to economic growth, the Italian economy appeared poised for a modest economic recovery before the coronavirus pandemic hit a year ago.
The new Italian government headed by former European Central Bank Governor Mario Draghi has said that restarting economic growth is among its two main priorities, along with halting the spread of the coronavirus.
Up until now, Draghi is best known for promising to do whatever it takes as part of his efforts to save the euro currency from collapsing amid the global credit crunch in 2012. But analysts say that restarting Italy s sluggish economy will be his biggest challenge yet.