The Italian economy may not rebound to production levels seen before the COVID-19 pandemic until 2022, the head of the national industrial federation Confindustria said Monday
MOSCOW (Pakistan Point News / Sputnik - 23rd November, 2020) The Italian economy may not rebound to production levels seen before the COVID-19 pandemic until 2022, the head of the national industrial federation Confindustria said Monday.
"There is a risk of postponing the recovery until 2022," Confindustria Director-General Francesca Mariotti told the national parliament.
She said that projected increase in gross domestic output of 5 percentage points next year did not seem feasible. The economy is expected to shrink by an average of 12 points by the end of this year.
