Ignazio Visco: Speech - 29th ASSIOM FOREX Congress Speech by Mr Ignazio Visco, Governor of the Bank of Italy, at the 29th Congress of ASSIOM FOREX (the Italian financial markets association), Milan, 4 February 2023. ***  The economic situation The global economy is slowing down; uncertainty remains very high, even though the latest indicators are better than expected.
Eventually, household debt will  10  BIS Review 106/2007  reach a point where it is in some form of equilibrium relative to GDP or income, but the evidence suggests that this point is higher than current levels. It is interesting to consider what factors might change the behaviour of households. One such factor is demographics.