• G20, Gualtieri: the Italian presidency will fight digital evasion
  • Gualtieri: "Economy recovery in the first half of 2020"
  • Gualtieri: "Now work on the tax reform to grow"

Share

February 23, 2020 "During the G20 and G7 meetings in Riad it was agreed that it is still premature to quantify the intensity and impact of the coronavirus on the global and European economy. The discussion highlighted how, in the baseline scenario, this impact may still be relatively limited and temporary, but there is full awareness of the risks that a greater spread of the epidemic represents for world growth, said Economy Minister Roberto Gualtieri, on the sidelines of the work in Riyadh.

Common measures
"I informed the G7 and G20 about the situation and decisions taken in Italy and asked to work immediately on economic measures at an international level, coordinated and adequate to deal with the economic consequences of the virus in a timely and effective way in case the crisis burdens ".

The attention of the markets
Markets remain high on the spread of coronavirus and on the impact on the economy. The shadow of the epidemic has also infected the financial G20 of Riyadh, where the ministers of Economy and the governors of the central banks have changed the agenda running to discuss an action plan that will support growth and counter the downside risks . And right from Riyadh the International Monetary Fund announced that it had cut global growth estimates by 0.1% and China by 0.4% due to the impact of the virus.

Covid-19 is increasingly frightening
Although it is still premature to estimate the impact of the virus on the Italian economy, with the mandatory quarantine taken in the affected countries of Lombardy and Veneto and the precautionary measures taken by many large and small companies in those regions, the world of business and commerce asks the government to intervene immediately with support measures and with the opening of an ad hoc table at the Ministry of Economic Development. Moreover, Minister Stefano Patuanelli in recent days has already said - with the Treasury owner, Roberto Gualtieri - that the Government is evaluating measures to help the Italian companies affected and simplify the procedures that unlock investments.

Redundancy fund
Meanwhile, the Minister of Labor, Nunzia Catalfo, has announced the ordinary layoffs for workers in the affected areas in Lombardy and has not excluded further measures if necessary.