Speech by Mr Ignazio Visco, Governor of the Bank of Italy, at the 23rd ASSIOM FOREX Congress, Modena, 28 January 2017.
Recent economic developments
The moderate acceleration in global growth under way since the summer may continue this year and the next, bolstered by the expansionary stance of the fiscal policies announced in the United States and by the effects of those enacted in China and in Japan, where monetary policy is also highly accommodative. The outlook, however, remains subject to a high degree of uncertainty.