(Adnkronos) - “Trump non sta facendo bene all'America, ma sta creando qualche problema anche in Europa. Le news non aiutano, la politica internazionale è diventata più complessa e le famiglie hanno anche paura che una guerra tariffaria possa innescare aumenti dei prezzi e vanificare il recupero del potere d'acquisto”. Sono le parole di Fedele De Novellis, economista e partner di Ref Ricerche, intervenendo a Milano all'incontro organizzato da Ibc, l'Associazione industrie beni di consumo, in occasione dell'assemblea 2025.
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00:00The 25th would have been the year of the recovery of consumption.
00:07The recovery of consumption would have been driven by the recovery of the income of families,
00:12linked to the decline of inflation, increases in wages due to the new contracts
00:17would have substantially allowed a phase of growth of real wages.
00:22However, we have seen since the 24th that families are very prudent.
00:26They are very prudent and increase the saving rate when the income increases.
00:31Therefore, this income struggles to translate into higher consumption.
00:35They count on interest rates, but they also count on prudence,
00:38which is also linked to geopolitical factors.
00:41News do not help, international policy has become more complex
00:45and families are also afraid of the fact that a tariff war
00:49may trigger prices increases again and damage this recovery of purchasing power.
00:54Naturally, companies, to face a more uncertain environment,
00:59could pull the reins, invest a little less to try to safeguard their liquidity
01:05and wait for the international regulatory context to be clearer.
01:09In short, Trump is not doing America good, but he is creating some problems in Europe too.