Italy may lose half a million jobs – study ...News

The natural gas shortage will stifle economic growth, analysts warn Italy is at risk of losing up to 582,000 jobs due to the energy crisis and the resulting economic downturn, national media reported on Sunday, citing a study by the Confindustria Association of Industrialists. According to the findings, if the gas price stays at its current level (the August average was €235 per megawatt-hour), Italy’s economy will shrink 2.2% next year and the country will lose up to 383,000 jobs in 2022-2023. However, if the price hits €298 per megawatt-hour, which is the predicted level based on current gas futures, Italy may s

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