Italy Industry Lobby Says Energy Shock Could Wipe Out Growth

Italy's largest business lobby warns that a worsening energy crisis, driven by soaring power prices and escalating EU carbon costs, could derail the nation's economic growth in the coming year. The heightened energy expenses are seen as a significant threat to industrial competitiveness, potentially leading to a stagnation in progress. This situation underscores the broader implications for the European economy, as Italy is a key player in industrial and manufacturing sectors, and its struggles could ripple across the continent. The warning highlights the urgent need for effective energy policies to mitigate these challenges.