(ANSA) - ROME, JULY 10 - The Italian economy is moving towards a 9.5% reduction in GDP this year in the basic scenario of a spread of the pandemic under control in Italy and globally. Bankitalia writes it in the economic bulletin. However, new "relevant" outbreaks emerged - warns Bankitalia - "GDP could drop by more than 13% this year" with a more moderate recovery in the following years compared to the base scenario, which provides + 4.8% in 2021 and + 2, 4% in 2022. On the contrary, the estimates could improve with a strengthening of the expansionary policies under examination by the European Union.
Bankitalia also notes that industrial production after the 8.4% decline in the first quarter, recorded a further sharp drop in April but "with the gradual removal of the closure measures, industrial activity would have started to grow again in May and June (overall approximately 40% compared to April) ". However, production would remain almost 25% lower than previous levels of the spread of the epidemic. "(ANSA).
Bankitalia: GDP 2020 -9.5%, -13% if the pandemic worsens
7/10/2020, 4:51:42 PM
The Italian economy is moving towards a 9.5% reduction in GDP this year in the basic scenario of a spread of the pandemic under control in Italy and globally. Bankitalia writes it in the economic bulletin. (HANDLE)