This is CVS. I on the world. I'm John Bachelor. To Italy. To my colleague Lorenzo Fiore of the Anseldo Foundation, he's in Siena.

However, we're first going immediately

to the Italian economy right now.

The report from Reuters is that it's doing very well

in core inflation, 2.4% year on year, better than the US.

However, what does that mean about the growth, especially about the economy still recovering from the pandemic.

Lorenzo, a very good evening to you. Thank you.

The European Union in general is not doing well, especially Germany.

How is Italy reporting its economy this summer? Good

evening to you. Good evening Johnny, good evening to all the radio listener. Give me

10 seconds to wish all the people listening tonight that have the name Lorenzo for tomorrow that is the

Sun Lorenzo day. So it's a very important day for us because everybody will go up to the hill

in a dark place to see the falling stars.

But that the economy in Italy is doing pretty well.

I would say even beyond the expectation,

beyond the estimation, but I would like to underline a critical point because the

grow is right now based on two elements the element of manufacturing which is the

vocational of the Italian economy but this is very much

tied to the economy of Europe particularly Germany we are part of the supply chain

of Germany industry and that part is decreasing in terms of grow compared

to the latest 12 months but this is a highly compensated by an increase of services very likely due to that large number of tourists

that are coming to Italy to spend their holidays. I've seen so many people today riding

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