Carlo Sangalli, the president of
retailers association Confcommercio, said Wednesday that at
least 120,000 small Italian businesses risk closing in the first
half of 2023, amid the cost-of-living crisis and soaring energy
prices.
He said that over 370,000 jobs were at risk as a result.
"These emergencies are on top of the structural problems
regarding growth and consumer sending, combined with an
excessive tax burden, which characterise our economy," Sangalli
told the Confcommercio Campania assembly.
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