The Italian economy is likely to recover from the pandemic faster than previously forecast, growing by as much as 6.4% this year, according to a study by Confindustria, the country’s federation of employers.
A strong third quarter should allow 2021 gross domestic product to increase by 6.3%-6.4%, the study showed, well above the official government forecast of 6%. That pace will be maintained, even as the fourth quarter slows because of a scarcity of raw materials and uncertainty over increasing virus cases, Confindustria said.
Italian Economy May Grow 6.4% This Year, Confindustria Says - Bloomberg
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