2020 GDP -9.5%, -13% if virus worsens -BoI

(ANSA) - ROME, JUL 10 - Italian GDP will fall 9.5% this year and by 13% if the coronavirus pandemic worsens, the Bank of Italy said Friday.
    "If significant hotspots develop, GDP may fall by over 13% this year," it said in its latest economic bulletin.
    "If the pandemic is kept under control in Italy and the world GDP will fall by around 9.5%.
    GDP will then rebound by 4.8% in 2021 and 2.4% in 2022, the central bank said.
    Figures will improve if the EU approves expansionary measures currently being discussed, it said.
    The Bank of Italy also said that business loans rose 11.5% in the March to May period.
    It added that production had risen in June but was still significantly lower than pre-COVID levels. (ANSA).