Virus lockdown costing 47 bn a mt - Svimez (2)

GDP to fall 8.4% this year says development agency

(ANSA) - Rome, April 9 - The coronavirus lockdown is costing Italy 47 billion euros a month, including 37 in the centre-north, southern development agency Svimez reported Thursday.
    Even if GDPO recovers in the second half of the year, Svimez said, Italian GDP will fall 8.4% this year with an 8.5% drop in the centre-north and a 7.9% fall in the south.
    The report urged the government to complete a package of measures to ease the economic impact of the pandemic on weaker sectors, gig economy workers and others without social benefits, households at risk of poverty and micro-businesses.
   

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