“The COVID-19 pandemic and related containment measures will push the Italian economy into a deep recession,” RIA Novosti quoted the document as saying.
According to EC forecasts, public debt in Italy in 2020 may reach 158.9% compared to 134.8% in 2019.
Along with this, it is assumed that in 2021 the Italian economy will experience a 6.5% recovery, which the report called "partial recovery."
Earlier it was reported that the European Commission worsened the forecast for the dynamics of Russia's GDP for 2020 due to lower prices for oil and coronavirus.