The Bank of Italy said Thursday that
the COVID-19 pandemic led to "the biggest contraction in
non-financial private incomes in 20 years in the first half of
2020".
It added that this was "only combatted in part by the support
measures" brought in by the government.
It said per-capita primary incomes dropped by 8.8% in the first
half of 2020 with respect to the same period in 2019.
The bank said this was bigger than the drops registered with the
credit crunch (-5.2%) and the sovereign debt crisis (-3.4%).
It added that Italy's public debt shot up by 121 billion euros
in the first half of last year.
ALL RIGHTS RESERVED © Copyright ANSA
