Powered by: Motilal Oswal
04-03-2022 12:31 PM | Source: IANS
Italy's economy hit hard by Russia-Ukraine conflict
News By Tags | #248 #991 #68 #7340 #591

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Italy is among the countries hardest hit by the ongoing conflict between Russia and Ukraine, with rising energy prices weighing heavily on the country's post-pandemic economic recovery.

The ratings company Standard & Poor's revised down Italy's annual growth rate from 4.7 to 3.1 per cent this week in the light of the conflict and "the resulting surge in commodity prices", Xinhua news agency reported.