The government still thinks Italian
GDP will fall by 8% this year although there are "risks" that
this figure may worsen, Economy Minister Roberto Gualtieri said
Friday.
"We are sticking to the estimate of -8% for the GDP,
naturally we know that there may be risks of a (further) drop
but the data from May and April are in line with the estimate,
and in some cases even better," he said at a video conference of
Goldman Sachs.
The Bank of Italy has said GDP will fall between 9 and 13
percent this year while international organisations are
forecasting an even steeper drop.
Gualtieri added that the government had guaranteed loans to
small and medium firms for over 11 billion euros, and set a
moratorium for over two million households.
"The plan has taken off," he said.
After the moratorium, he said, there would be more
non-performing loans (NPLs), "but not only in Italy".
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