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UniCredit’s CEO forecasts a resurgence by 2023 as firms and families adjust.
Milan: Italian people and businesses are adjusting to the current economic problems, which CEO Andrea Orcel of UniCredit says will help the economy recover by the end of next year after what is expected to be a small recession.
Orcel stated at the UILCA national convention that the level of international investors’ scepticism regarding Italy was unfounded.
“We can see that our corporate clients are adapting and reevaluating their entire value chain,” said Orcel.