The Bank of Italy said Tuesday that
ongoing support for households and businesses remained essential
to revive the economy from the effects of the COVID-19 pandemic.
But the central bank added, as it reported to parliament on the
government's DEF economic blueprint ,that elements of
selectivity should be introduced to direct the aid to where it
is most needed.
It said a significant recovery in the second half of the year
was plausible but added that it will depend on the vaccination
campaign and the launch of the PNRR Recovery plan.
It said it expects the Italian economy to grow 4.1% his year and
4.3% in 2021.
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