(ANSA) - ROME, JUNE 08 - Istat forecasts "a marked contraction of GDP in 2020", with a fall of 8.3%, and "a partial recovery in 2021", estimating a rise of 4.6%.
The Institute, in the 'Prospects for the Italian economy', remarked as "the spread of the Covid-19 epidemic and the consequent containment measures decided by the Government" have "determined a profound impact". A "shock without precedents", the quantification of which is characterized by "high levels of uncertainty". Compared to previous estimates for 2020 "overall the downward revision of GDP was equal to approximately 9 percentage points". (HANDLE).
Istat: GDP estimate for 2020 -8.3%, in 2021 + 4.6%
6/8/2020, 9:18:25 PM
Istat predicts "a marked contraction of GDP in 2020", with a fall of 8.3%, and "a partial recovery in 2021", estimating a rise of 4.6%. (HANDLE)