Government measures to support
employment during the COVID emergency have so far averted the
loss of 600,000 jobs, the Bank of Italy said Thursday.
The central bank said that CIG lay-off benefit extensions,
support for firms' liquidity and a halt to firings had this
effect.
Lead researcher Eliana Viviano said about a third of the 600,000
job losses would however not have happened thanks to other
measures.
The Italian economy is enduring an unprecedented recession due
to COVID-19.
GDP is forecast to drop 11-13% this year, according to various
estimates.
Th economy will bounce back by 4-6% next year, forecasters say.
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