Italian retailers association
Confcommercio said Monday that uncertainty is holding back the
recovery from the economic earthquake caused by COVID-19
according to a report it drafted with research agency CENSIS.
The report said 20% of Italian peple have already decided that
they will not go on holiday this summer and almost half of the
nation's households, 47.4%, have not decided what they will do.
It said consumer spending fell by 1,831euros per capita in 2020
because of the pandemic and Italians' personal savings increased
by 82 billion euros.
"The pandemic is becoming less powerful and the conditions exist
to start over in safety," said Confcommercio President Carlo
Sangalli
"Companies need more normality and certainty to be able to plan
their activities, starting with more robust support.
"It is necessary to recoup the losses and strengthen economic
growth, which is still too weak".
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