{"id":33491,"date":"2020-09-02T15:55:13","date_gmt":"2020-09-02T11:55:13","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=33491"},"modified":"2020-09-02T15:55:13","modified_gmt":"2020-09-02T11:55:13","slug":"gdp-to-drop-over-8-in-2020-gualtieri","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gdp-to-drop-over-8-in-2020-gualtieri\/09\/02\/market-updates\/","title":{"rendered":"GDP to Drop Over 8% in 2020-Gualtieri"},"content":{"rendered":"\n<p>Italian Economy Minister Roberto Gualtieri said that the country&#8217;s GDP will shrink by slightly more than 8%, stressing that production in Q3 will record a &#8220;strong recovery.&#8221;<\/p>\n\n\n\n<p>The Office for National Statistics said last week that the economy witnessed a record contraction of 12.8% in Q2 compared to the previous quarter, following a 5.5% drop in Q1.<\/p>\n\n\n\n<p>And in April, the government expected full-year gross domestic product to fall 8%. Later, the Central Bank of Italy expected a contraction of 9.5% and the International Monetary Fund forecast a contraction of 12.8%.<\/p>\n\n\n\n<p>&#8220;When we said the number 8%, we did not know how long the isolation measures will continue. The gross domestic product will drop by more than 8%, but not by much,&#8221; the minister told a parliamentary committee.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Italian Economy Minister Roberto Gualtieri said that the country&#8217;s GDP will shrink by slightly more than 8%, stressing that production in Q3 will record a &#8220;strong recovery.&#8221; The Office for National Statistics said last week that the economy witnessed a record contraction of 12.8% in Q2 compared to the previous quarter, following a 5.5% drop &hellip;<\/p>\n","protected":false},"author":9,"featured_media":33492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4707,36],"tags":[194,6955],"class_list":["post-33491","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-breaking-news","category-market-updates","tag-gdp","tag-italy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=33491"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33491\/revisions"}],"predecessor-version":[{"id":33493,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33491\/revisions\/33493"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33492"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=33491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=33491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=33491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}