Italy faces worst recession since WWII
Italy is facing its worst recession since World War II, with analysts expecting the GDP to shrink by up to 13% due to Covid-19 pandemic. – EPA pic, May 30, 2020.
FACING its deepest recession since World War II and with business confidence collapsing, the coronavirus pandemic is hitting Italy’s economy hard. Business confidence in the eurozone’s third largest economy in May plummeted to its lowest level since official statistics institute ISTAT started the index in March 2005.
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