Italy's economy hit hard

 

by IANS |

Rome, April 3 (IANS) 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.

Latest News
Telangana to issue new ration cards to eligible from Jan 26 Sun, Jan 12, 2025, 03:26 PM
Telangana government issues guidelines for Rythu Bharosa Sun, Jan 12, 2025, 03:24 PM
Aus Open: Ruud, Nishikori survive five-set thrillers in opening round Sun, Jan 12, 2025, 03:22 PM
Liton, Shakib miss out as Bangladesh announce Champions Trophy squad Sun, Jan 12, 2025, 02:17 PM
BJP eyes increased presence in Telangana Legislative Council Sun, Jan 12, 2025, 12:23 PM