The impact of the energy shock related to the Iran war is already being felt in many ways in Italy and the economic outlook has deteriorated, the CSC research unit of industry association Confindustria said in a report on Monday.
It said these effects included falling household confidence, which looks set to foreshadow a slowdown in consumer spending, and rising sovereign bond yields.
It said expectations for industry, which were showing signs of recovery before the war broke out, were declining; and that the services sector was slowing down too.
It said energy costs for Italian businesses risked rising by between seven and 21 billion euros with respect to 2025.
