How is the coronavirus outbreak affecting Italy’s economy?

Question
Mudassir Ali 6 months 1 Answer 96 views

Answer ( 1 )

  1. Originally Answered: What effect will coronavirus have on the Italian economy?
    Actually, it will have a very, very bad effect on our – yet unstable – economy.

    Today, Italy’s economy relies a lot on tourism, restaurants and commerce.
    Of course, we have other sections and other financial entry points that won’t probably be even touched from this emergency (or if they will, it won’t be that bad at all and they will rise up after a while), but these sectors of our economy are experiencing a serious economic stop, something probably never seen before, because of the recent lockdowns and laws mad ein order to prevent further infections.

    More than this, we’re probably losing more investors due to our unstable economy.

    It’s useless to say that our public debt is likely to grow up, as our government is obviously asking to E.U. financial helps due to this serious emergency.
    Some economists says that if we’ll be lucky (and we won’t), our economical growth will be of 0% at the end of the year, that means that if we’ll be lucky, we will end this year as we started it.

    For more technical and detailed data, I leave the word to more expert compatriots that will certainly give you more detailed explainations and infos.

Leave an answer