Weekly economic report powered by Intesa Sanpaolo

The round of March confidence surveys in the Eurozone displayed the initial effects of the international geopolitical crisis, especially on consumers and industrial firms; the impact on the European cycle may last well beyond a few weeks. In the meantime, inflation hit a new high in March since the records began, at 7.5%. On this front, national Governments have intervened with further measures aimed at mitigating the effects on households and businesses, after those already put in place over the past few months: the measures introduced since last Autumn are worth almost one per cent of GDP, but they will contain only partially final energy prices.

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