· Fabio Panetta Wiki · Banca d'Italia WikiOverview of economic and financial developments in Italy
Read full speech on bis.org ↗ContextConcluding remarks by Fabio Panetta, Governor of the Bank of Italy, at a meeting for the presentation of the Annual Report 2024 - 131st Financial Year, Rome, 30 May 2025.
Why it mattersItaly's governor presents the annual economic report, focusing on energy costs and confidence shocks from trade disputes.
Problems raised
- Trade disputes and conflicts undermine confidence.
- Global growth forecasts were cut.
- Italy's energy costs are high.
Solutions proposed
- Use more clean energy and long-term contracts.
- Strengthen grids and transmission.
- Simplify authorisations for new plants.