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Istat, GDP down: 4.7% drop in the first quarter of 2020

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The coronavirus weighs on the Italian economy. According to Istat , in the first quarter of the year, GDP actually fell by 4.7% compared to the previous quarter. There was also a drop of 4.8% over the same period last year. The institute also informs that the change in GDP acquired for the 2020 from the first quarter figure is -4.9%, specifying that this percentage of just under 5% is the result that would occur in the absence of further changes until the end of the year. Istat then explains that the data is correct for calendar effects and is seasonally adjusted ( THE UPDATES ON THE CORONAVIRUS –  » Read More

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