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Italy's GDP to fall 8% in H1

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Christian Fernsby ▼ | March 21, 2020
Italy's gross domestic product will fall 8% in the first half of the year due to the coronavirus, the REF Ricerche think tank said.
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This compared to a -1%/-3% contraction contained in a previous report.

Topics: Italy GDP

"The fall," the research centre said, "regards with this intensity only the last part of the first quarter, which could close with a decrease of 3% on the last quarter of 2019, and fully manifest itself in the second quarter, when the fall would be another 5% on the first quarter".

REF said a rebound was possible starting from the third quarter of this year.