Coronavirus: Prometeia, -6.5% GDP Italy in 2020

"Assuming a slow and selective removal of the production blocks starting from the beginning of May" , P rometeia foresees a "contraction of the Italian GDP in 2020 of 6.5%.

The rebound will only be gradual towards autumn, leading to + 3.3% in 2021 and + 1.2% in 2022 ".

" The policies of the ECB - he underlines - will ease tensions on government bonds in the short term, but the fiscal intervention of the government can only be limited in supporting demand." By the end of 2020, the deficit / GDP will have reached 6.6 % and debt / GDP 150% ".

Coronavirus lowers business and household confidence in March - Coronavirus emergency lowers business and household confidence. In March, Istat estimates "a sharp decrease" in both the consumer confidence index (from 110.9 to 101.0) and the business confidence index (from 97.8 to 81.7). Covid-19 and "the consequent containment measures adopted by the government to limit the infection have heavily influenced" the moods, notes the Institute. The indices reach, he explains, "particularly low levels for both businesses and consumers, reaching the values ​​recorded, respectively, in June 2013 and January 2015".