Italian household income fell 7.2% in
the second quarter, the Organization for Economic Cooperation
and Development said Thursday.
The Italian figure was the worst in the Group of Seven, the OECD
said.
Real family income fell 1.2% in Germany, 2.3% in France, and
3.4% in the United Kingdom, it said.
The OECD added that at an international level, government
support measures "continued to protect the income of households
from the economic impact of COVID-19 in the second quarter of
2020".
The Italian economy is facing a double-digit contraction this
year and a rebound of about half that next year, due to COVID.
The virus, and its attendant lockdowns, have sparked a recession
that is unprecedented in recent times.
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