"After the marked increase in the third quarter, in the euro area economic activity is expected to decrease in the fourth, conditioned by the health emergency and the new measures to contain the spread of Covid".
Thus the Euro zone economic outlook created by Ifo, Istat and Kof.
"The forecast is characterized by high uncertainty, with both upside and downside risks linked to the evolution of the pandemic, the timing of vaccines and the expected impact of the funds provided for in the Next Generation plan", reads the report which estimates GDP in the fourth quarter down by 2.7%, with a -7.3% in the whole of 2020.
