INE: Key Economic Indicators For Italy Are at Pre-Crisis Levels And Outlook is Murky

National Statistics Institute said in its monthly report today, Friday, that Italian key economic indicators have returned to levels that were only recorded before the emergency health crisis of Coronavirus, but expectations for the coming months are still shrouded in uncertainty.

Last week’s data showed that Italy’s GDP 16.1%, much more than expected in Q3, compared with the previous three months, in a reflection of the end of the lockdown measures.

But the recovery now faces threats to be derailed by a new spike in Covid-19 infections in Italy and many other European countries.

Rome expects an economic contraction for the full year of 9% this year due to the pandemic.