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Coronavirus to push Italy's GDP down to level of 2000

Christian Fernsby ▼ | June 5, 2020
The coronavirus crisis will push Italian GDP back down to 2000 levels and so we 'all have a duty to make a choral effort, all together, to recoup the lost 20 years together,' Premier Giuseppe Conte said at the webinar EY Digital Talk event "Italia Riparte" (Italy Restarts) on Thursday.
Giuseppe Conte
Premier   Giuseppe Conte
He said a "drastic" cut in red tape was required to help the post-virus-crisis recovery. Conte said "we don't yet know the full scope of the crisis" and called for an "organic" reform to achieve a "fair and efficient tax system".

Topics: Italy GDP

The premier said he would call an estates general of social partners to help forge a recovery plan.