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04 December 2020The Fitch agency confirmed the 'BBB-' rating for Italy with a "stable outlook".

That's what Fitch communicates.



Italy's recovery in 2021 but still strong Covid effect


The Italian economy "will begin to recover next year, based on the assumption that the lockdown measures will be gradually lifted and a vaccination program will begin in the first quarter of 2021, but the growth data of annual GDP will still be strongly influenced by the basic effects "of the crisis.

This is what Fitch writes in a note.



Italy's GDP will contract by 9.1% in 2020, and then rebound in 2021 and 2022 to + 4.5% and + 4.3% respectively. This was stated by Fitch, who thus revised his forecasts on Italy's growth. In 2022, the investment stimulus of the Next Generation EU funds will provide the main support for economic growth. In its estimates, Fitch currently assumes that Italy will use the Next grant share of alo (0.4% and 2.2% of 2019 GDP in 2021 and 2022), but we currently do not take into account any use of the component. loan".