Rescue operation, act II. After the “Cura Italia” plan of 25 billion euros in mid-March, which aimed to strengthen the health system and secure household incomes, the Italian government is today trying to prevent the collapse of Italian companies. At the moment when Istat emphasizes in its monthly conjuncture note that " The containment necessary to fight against the Covid has caused a general shock unprecedented in history, a shock which relates to both supply and demand ."
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In fact, 34% of production and 27% of the country's added value are stopped. If it were to last until the end of June, Istat estimates today, confinement would lead to a drop in consumption of 9.9% in 2020 and in GDP of 4.5% in 2020. A stop on April 30 would limit the drop in consumption to 4.1% and that of GDP to 1.9% with consequent effects on employment. In the end, therefore, a much deeper crisis than that of 2008.
The government therefore presented
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