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Recovery: Draghi, Italy is fragile but not destined to decline

2021-04-24T02:36:43.614Z


"The Covid-19 pandemic has hit the Italian economy more than other European countries. In 2020, gross domestic product fell by 8.9 percent, compared with a decline in the European Union of 6.2 . (ANSA)


(ANSA) - ROME, APRIL 23 - "The Covid-19 pandemic has hit the Italian economy more than other European countries. European Union of 6.2. Italy was hit first and hardest by the health crisis. To date, more than 110,000 official deaths due to Covid-19 have been recorded, making Italy the country that has suffered the greatest loss of lives in EU ". Prime Minister Mario Draghi writes in the introduction that opens the draft of the NRP.


    "The crisis has hit a country that is already fragile from an economic, social and environmental point of view", affirms the première, exercising a long series of data on the gaps, compared to Europe, in the growth, productivity, employment of women and young people and Midday. The country has "problems" that "risk condemning Italy to a future of low growth from which it will be increasingly difficult to escape. Recent economic history shows, however, that Italy is not necessarily destined for decline. an economic miracle, our country has registered GDP and productivity growth rates among the highest in Europe ".


    In particular, "structural reforms are essential to improve the quality of spending by public administrations and encourage private capital towards investment and innovation". (CONTINUED)

Source: ansa

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