For Giorgio Squinzi, president of Confindustria, the forecasts just released by the Centro Sudi of Confindustria could get even worse. I believe that during the year we will add a few negative decimals to the estimates of our GDP for 2012 compared to the -2,4% expected by the Confindustria Study Center”, he said speaking at the general assembly of Confindustria Lecco.
“I have been accused of catastrophizing in the newspapers, but I honestly don't believe it. The real economic situation is there for all to see – he added – As a company (Mapei ed) we are shooting at -17% and as a sector (that of construction) at -25/30%. It's a desperate situation. This will lead to the closure of a significant number of companies in the sector. We are not yet in the abyss, but we are on the edge of the abyss”.
