Industry Warns of Energy Costs
Confindustria is worried about high energy prices. Studies predict this will hurt businesses. The cost could be between 7 and 21 billion euros.
Confindustria, a large Italian business group, is concerned about the rising cost of energy. Their studies show that this problem is likely to get worse. The studies predict declining confidence from consumers and slowing industries. High interest rates are also a factor. The group estimates the total cost could be between 7 and 21 billion euros by 2026.
Summarized from the sources above. Read the originals for the full story.
Highlights
Confindustria Expresses Concern
Confindustria says rising energy prices are a ‘shock’.
Potential Billions in Costs
Energy costs could cost businesses 7 to 21 billion euros.
Unsustainable High Prices
Industry simulations show prices could be unsustainable by 2026.
Worsening Economic Factors
Declining consumer confidence and rising interest rates are also problems.
Confindustria is a Group
Confindustria is a major Italian business association.