This is CBSI in the world. I'm John Batcher. The American economy, the jobs report's

strong, inflation, high. The question's about the Federal Reserve and the road ahead. Recession?

More rate hikes? Unknown. So I go to Italy to see if Italy's economy is any easier to

understand in this time of recovering from the pandemic and dealing with the war in

Europe and the energy question. The rents of Fiori of the Enzada Foundation is in Milan.

The rents we've talked about the Italian economy in recovery and it has been doing better

than its neighborhood. What is the prospect now that the whole world is again seeing unacceptable

inflation? Good evening to you. Good evening John and good evening to all the radio

listeners. I'd like to tell you that the situation in few words is a situation of lights and shadows.

Why lights and shadows? Simply because right now in Italy we have still a grow but this is a

very moderate grow and the margin of for the government to put new resources to reduce taxes

and improve the economy have been eroded by some measure taken by the previous government in

order to support part of our economy particularly in the area of civilian works and this let's say

measure are eroding a lot of resources available to our government for the next year. On the other

side the inflection rate is reducing but still very high and this is causing an erosion of the

power of buying of the people in Italy that normally suffer because they salary average wise are

pretty low compared to the average in all the other European countries but the lights are

indeed in the air of the increase of the number of employees. I mean the contract without any

terms of end are increasing the number of of contract with predefined terms are also increasing the

number of women that are going to work are increasing and there is still a large demand of companies

service group that are looking for jobs and they don't find enough people to cover the vacancy

position. So let's tell you it's it's a situation pretty complicated and I don't know what will be

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