00:00Talking about headwinds, I still think that the main one is still the pandemic.
00:11And of course this creates uncertainty in our societies and also in our economies.
00:24Should vaccination be mandatory in Europe?
00:26Well, these are choices that are under discussion in member states.
00:32It is not something that we deserve in Brussels.
00:36It is connected also to different jurisdictions.
00:39Is this possible in your country or not?
00:42But of course we encourage strongly the vaccination and all tools that are reinforcing vaccination.
00:51But yes, uncertainty connected to the pandemic for sure.
00:57But the experience shows us that despite this uncertainty, despite the risk of the new variants,
01:09apparently the economy adapted to the pandemic in the recent months.
01:18So my view is that, yes, we can have headwinds created by the pandemic.
01:28This could affect some sectors, more sectors, more involved with contact with persons.
01:38But overall, we see in several countries, including in Italy, for example, manufacturing in Italy is going at full speed.
01:50Despite the uncertainty for the pandemic, the bottlenecks, the raw materials, the semiconductors,
01:58all this is a downside risk to this recovery, but the recovery is there and very strongly there.
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