Italy – Monthly News Digest

Italy – Monthly News Digest
  • A frozen labour market in 2020
  • Exports up in January
  • The country prepares for the third wave
  • Details of national accounts

In summary

A frozen labour market in 2020. Exports up in January. The country prepares for the third wave. Details of national accounts.

Italy – Monthly News Digest

The pandemic has had a significant impact on the labour market, but those effects are still barely visible, mainly due to the extension of short-time work, which has helped limit the consequences of a large economic decline on labour demand. It primarily encouraged job retention due to the suspension of lay-offs. Because of the freezing of the labour market, only fixed-term components affected the flows of people outside the workforce.

Sofia TOZY, Economiste