May 15, 2020 / 4:40 PM / in 19 days

Italy's economy may shrink by as much as 13% this year - BOI study

MILAN, May 15 (Reuters) - Italy’s gross domestic product may contract by as much as 13% this year as a result of the COVID-19 epidemic in case of new outbreaks that lead to an extension of containment measures, a Bank of Italy study warned on Friday.

Under a less adverse scenario, Italy’s gross domestic product is expected to fall by 9% in 2020, the study said.

The Rome government has forecast an 8% contraction for the euro zone’s third-largest economy this year.

Reporting by Elvira Pollina; editing by Valentina Za

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below