1. ANSA.it
  2. English
  3. Politics
  4. Italy's GDP to fall 9.5% this yr - EC

Italy's GDP to fall 9.5% this yr - EC

Economy will rebound 6.5% in 2021 says Commission

(ANSA) - Rome, May 6 - Italy's GDP will fall 9.5% this year, the European Commission said Wednesday. The coronavirus pandemic and the consequent lockdown, which has just been eased, will trigger a "deep recession", the commission said.
    There will be a "technical rebound" in the second half of this year thanks also to government measures, and a "partial recovery" next year, the EC said.
    GDP will rise 6.5% in 2021, it said.
    The forecasts are based on a resumption of economic activities this month, with a "gradual normalization".


Change cookie consent