Meanwhile, the possibility cannot be ruled out that, if such a decrease in exports becomes large, this will lead to a decline in production, and further to a deterioration in employment. Concluding remarks As I mentioned, QQE has been exerting its intended effects. Despite the negative impact of the April 2014 consumption tax hike, employment has continued to recover.
The NRPP, engaging 205 billion euro of EU funds (with additional 30 billion of national resources), sets out a coherent package of reforms and investments that are meant to address, among other things, the challenges posed by climate change and the digital transition. It represents an important opportunity to increase the quality of our productive system and public institutions.