Coronavirus Could Send Italy Into Recession

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The outbreak has come at a difficult time for Italy’s economy. Output unexpectedly shrank 0.3 percentage point in the final quarter of 2019, ramping up pressure on the fragile coalition government of Prime Minister Giuseppe Conte. Bank of Italy Governor Ignazio Visco warned of “significant” downside risks to the country’s outlook.

In fact, the country could be heading for its fourth recession in little more than a decade.

Read more : Bloomberg

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