{"id":103251,"date":"2025-02-21T10:01:32","date_gmt":"2025-02-21T09:01:32","guid":{"rendered":"http:\/\/www.fondazionepirelli.org\/?p=103251"},"modified":"2025-02-21T10:01:32","modified_gmt":"2025-02-21T09:01:32","slug":"uncertainty-and-transformation","status":"publish","type":"post","link":"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/insights\/uncertainty-and-transformation\/","title":{"rendered":"Uncertainty and transformation"},"content":{"rendered":"

A speech by the Governor of the Bank of Italy provides a clear summary to better understand current events<\/em><\/p>\n

It is the task of many, especially those who, as entrepreneurs or managers, have a duty to lead the organisations for which they are responsible, to look at the big social, economic and historical issues in order to better understand the present and glimpse a possible future. This is a matter of having a deep cultural understanding, but also of keeping up with the latest daily information, all of which can be helped by reading the speech given by the Governor of the Bank of Italy, Fabio Panetta, at the 31st ASSIOM FOREX Congress on 15 February.
\n\u201cL\u2019economia mondiale tra incertezza e trasformazione\u201d (The world economy from uncertainty and transformation) is a clear summary of reflections on what is happening in the economy, in international relations and trade. Panetta shows how growth is trending down, how trade is changing and how its geography is being reshaped by \u201creducing trade between countries belonging to opposing geopolitical blocs and increasing trade between politically aligned economies\u201d. A trend that \u201creduces the efficiency of world trade, increases the cost of goods and makes supply chains more complex and vulnerable. In several countries, this could limit the availability of certain products, especially technology products and those essential for the climate transition\u201d. In a word, it seems that the world is closing in on islands with little connection between them, that globalisation is shrinking and leaving room for divisions, that multilateralism and integration are in danger. It’s a condition that is detrimental to everyone. Including Europe and Italy, to which Panetta pays particular attention.
\nIn the face of all this, the Governor’s message is that there are the tools – in Europe and in Italy too – to take a different path from the one we are on. It is, however, a matter of \u201ccourageous choices, vision and unity of purpose\u201d but also of \u201clucidity and ambition\u201d. Reading Fabio Panetta’s latest contribution to understanding reality is beneficial for everyone.<\/p>

L\u2019economia mondiale tra incertezza e trasformazione<\/a><\/strong>
\nFabio Panetta
\nSpeech at the 31st ASSIOM FOREX Congress, Turin, 15 February 2025<\/p>\n","protected":false},"excerpt":{"rendered":"

A speech by the Governor of the Bank of Italy provides a clear summary to better understand current events It is the task of many, especially those who, as entrepreneurs or managers, have a duty to lead the organisations for which they are responsible, to look at the big social, economic and historical issues in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56,57],"tags":[],"class_list":["post-103251","post","type-post","status-publish","format-standard","hentry","category-corporate-culture","category-insights"],"acf":[],"yoast_head":"\nUncertainty and transformation - Fondazione Pirelli<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/insights\/uncertainty-and-transformation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uncertainty and transformation - 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