Home Bankitalia Bankitalia: block week costs 0.5% drop in GDP

Bankitalia: block week costs 0.5% drop in GDP

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Each block week costs a 0.5% drop in GDP, in the first quarter of 2020 it is estimated a 5% slump and a slump is also expected in the second quarter. No doubt, the coronavirus has dragged Italy into a crisis situation, but our economy is stronger than it was in 2008. This is what Bankitalia declares, which however states that the crisis “hit the production system when economic activity was already slowing down and in the presence of a high public debt”. ( UPDATES – SPECIAL )
Collapse of the GDP of 5%
The estimates,  » Read More

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