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Italy's GDP set to plunge over 8% this year - Istat

Tuesday 9 June 2020 | 08:58 CET | News
Italy's gross domestic product will plummet 8.3 percent in 2020 followed by a recovery of 4.6 percent in 2021, according to state statistics agency Istat. The record contraction is set to follow the nationwide lockdown imposed by the government to halt the spread of Covid-19, with first-quarter GDP already having fallen 5.4 percent compared to the previous quarter.

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