Italy – Monthly News Digest

Italy – Monthly News Digest

In summary

Eurozone: towards an early slowdown in industrial production growth. Second quarter’s national accounts. Retail sales slow down. An eventful political season? Chronicle of Italian politics: time to take stock. Sectorial Account.

Italy – Monthly News Digest

Given the declines in GDP within the Eurozone, the first country to fall victim to the health crisis is doing better than was once expected. However, the comparison must not obscure how unusual the figures we are seeing are, even though they have appeared to take on a semblance of normality in recent months. They still conceal a grim reality. Over the second quarter, more than 45% of the production system was shut down. The decline in GDP is also the largest seen since 1995.

Sofia TOZY, Economiste