Italy's GDP may fall by as much as
13% in a worst-case scenario this year, Bank of Italy Governor
Ignazio Visco said Friday.
That scenario would see a "very slow" recovery from the
coronavirus pandemic next year, he said.
Even in a better-case scenario, the central bank chief said,
GDP would fall 9% this year.
In that scenario, the economy would recoup "half of the
losses" next year.
"Uncertainty is strong today but on many sides they are
saying 'we'll make it together'," he added.
He called for a collective "concrete commitment" and the
start of a "constructive dialogue between the government,
businesses and finance, institutions, and civil society".
This is because, he said "no one must lose hope".
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