Bank of Italy – CEPR – EIEF Conference  Firm Dynamics and Economic Growth Opening remarks by Salvatore Rossi Senior Deputy Governor of the Bank of Italy and President of the Institute for the Supervision of Insurance (IVASS)  Rome, 19-20 December 2018  I am delighted to welcome you all to the Bank of Italy, and to open this workshop, which was jointly organized with the CEPR and the Einaudi Institute of Economics and Finance.
Looking at current employment and income developments, supply and demand conditions in the labor market continue to recover steadily, albeit moderately, due partly to resilient domestic demand, and the unemployment rate has declined to the level observed prior to the Lehman shock, of around 4 percent (Chart 6).