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March 04, 202021.45 "A contraction of GDP for the Eurozone in the first quarter is possible and will be particularly pronounced in Italy, where coronavirus infection has spread". The Italian GDP will contract by 0.3%. Standard & Poor's wrote it in a report that halved the growth estimate for the Eurozone in 2020 to 0.5%. The rating agency expects a "fragile" recovery in the second quarter and an ECB rate cut next week.Virus, S & P: marked reduction in Italy's GDP
2020-03-04T21:03:16.888Z
21.45 "A drop in GDP is possible for the Eurozone in the first quarter and will be particularly pronounced in Italy, where coronavirus infection has spread". The Italian GDP will contract by 0.3%. Standard & Poor & # 39; s writes in a report that halves the growth estimate for the Eurozone by 0.5% in 2020. The rating agency expects a "fragile" recovery in the second quarter and an ECB rate cut next week.
Source: rainews