Economics
ECB’s Visco Not Counting on Positive Surprise on Virus Fight
- Vaccines may have production, distribution problems, he says
- Reiterates view Italy 2020 GDP will contract just under 10%
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ECB Governing Council member and Bank of Italy Governor Ignazio Visco said Sunday he’s not counting on advances in the fight against Covid-19 to give any unexpected boosts to struggling economies.
“I don’t believe much in positive surprises,” Visco said during a presentation at an economic conference in Trento, Italy. He downplayed the possibility that a vaccine could swiftly reduce economic uncertainty. “There can be problems with production, problems with distribution,” he said.