After a strong recovery of production and trade during the Summer, new containment measures of contagions, which are recently increasing in many countries, put a drag on international recovery perspectives.<\/p>\n
In 2020 Italian GDP is expected to decrease by 8.9% in real term and then increase in 2021 (+4.0%, Table 1). This year, the domestic demand net of inventories will provide a negative contribution (-7.5 p.p.) together with foreign demand (-1.2 p.p) and inventories (-0.2 p.p). In 2021 the domestic demand will provide a positive contribution (+3.8 p.p) together with net exports (+0.3 p.p.) while inventories will contribute negatively to GDP growth (-0.1 p.p.).<\/p>\n
Labour market conditions will follow GDP evolution over the forecast period with a sharp fall in 2020 (-10.0%) and a recovery in 2021 (+3.6%). At the same time, the rate of unemployment will decrease at 9.4% in the current year and will increase at 11.0% in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"
After a strong recovery of production and trade during the Summer, new containment measures of contagions, which are recently increasing in many countries, put a […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4082],"tags":[3353,3574,3225,3470,3228,3250,3263],"regione":[],"tema":[4070,4059,4071,4065],"class_list":["post-25441","post","type-post","status-publish","format-standard","hentry","category-press-release","tag-earnings","tag-economic-outlook","tag-exports","tag-forecasts","tag-gdp","tag-imports","tag-investments","tema-external-trade","tema-households-economic-conditions","tema-labour","tema-national-accounts"],"meta_fields":{"data_pubblicazione":"20201203","descrizioneperiodo":"Years 2020-2021","titolobreve":"Italy\u2019s Economic Outlook","news":"GDP is expected to decrease by 8.9% in 2020 and to increase by +4.0% in 2021","news_rss":"In 2020 Italian GDP is expected to decrease by 8.9% in real term and then increase in 2021 (+4.0%, Table 1). This year, the domestic demand net of inventories will provide a negative contribution (-7.5 p.p.) together with foreign demand (-1.2 p.p) and inventories (-0.2 p.p). In 2021 the domestic demand will provide a positive contribution (+3.8 p.p) together with net exports (+0.3 p.p.) while inventories will contribute negatively to GDP growth (-0.1 p.p.).","sottotitolo":""},"acf":[],"wpml_current_locale":"en_US","wpml_translations":[],"tags-info":[{"id":3353,"label":"earnings","slug":"earnings"},{"id":3574,"label":"economic outlook","slug":"economic-outlook"},{"id":3225,"label":"exports","slug":"exports"},{"id":3470,"label":"forecasts","slug":"forecasts"},{"id":3228,"label":"GDP","slug":"gdp"},{"id":3250,"label":"imports","slug":"imports"},{"id":3263,"label":"investments","slug":"investments"}],"categories-info":[{"id":4082,"label":"Press release","slug":"press-release"}],"_links":{"self":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/25441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/comments?post=25441"}],"version-history":[{"count":0,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/25441\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/media?parent=25441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/categories?post=25441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tags?post=25441"},{"taxonomy":"regione","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/regione?post=25441"},{"taxonomy":"tema","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tema?post=25441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}