Over half of Italian households'
income has been hit by the coronavirus emergency, the Bank of
Italy said Tuesday.
"More than half of the population says it has suffered a
contraction of household income following the measures adopted
to contain the epidemic," it said.
"The impact has been particularly severe on self-employed
workers".
The data were contained in the central bank's report on Italian
households between April and May.
A third of households only has reserves to last them only three
months, the report said.
Some 40% of families are struggling to keep up with their
mortgage payments, the report said.
Some 30% of families will not have a holiday this year.
Furthermore, there has been a marked worsening in the housing
market, the BoI said.
The report came as the European Commission said Italian GDP will
fall by a record 11.2% this year.
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