Energy concerns have led the national business lobby to issue a gloomy outlook The Italian economy is expected to stagnate in 2023 due to major concerns over energy supplies amid growing tensions between Russia and the EU, according to a report released by the Confindustria Association of Industrialists on Saturday. The country’s main business lobby downgraded its outlook for GDP growth in 2023 to zero, from the 1.6% projected in April. “If tensions between the EU and Russia were to escalate to such an extent as to lead to further price jumps and/or the blocking of gas supplies, the negative effects on production
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