Italy in deep recession, GDP 2020 -9.5%

(ANSA) - ROME, MAY 06 - Pandemics and lockdowns will push the Italian economy into a "deep recession", with a "technical rebound in the second half of 2020", supported by government measures, and a "partial recovery" in 2021. They are economic assessments of the EU Commission which see Italian GDP fall by 9.5% this year, and rebound to 6.5% next year. The estimates are based on a "recovery of economic activities since May", with "gradual normalization".
    In 2020, Greece, among the EU countries, will record the biggest drop in GDP with a drop of 9.7% but Italy will still place in second position. "We must immediately approve an ambitious European recovery plan", comments the Vice-President of the Commission Valdis Dombrovskis. (HANDLE).