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About: http://data.cimple.eu/news-article/584cad0e5b7c81c56e7b969aec29a6391e35a87d2ee79efb34b4e733 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Italy's economy, the third largest in the eurozone, will only recover from its coronavairus-related slump at the end of next year, the national business lobby Confindustria said Saturday. After a record fall of 8.9 percent last year -- the biggest in Italy's postwar history -- gross domestic product (GDP) should expand by 4.1 percent this year and by 4.2 per cent in 2022, the association said. "The economy should fill the hole created by the pandemic in 2020 at the end of 2022," Confindustria said in an economic forecast report. Confindustria's forecasts were more optimistic than the International Monetary Fund's, which last week predicted growth of 4.2 percent and 3.6 percent in 2021 and 2022. A crucial part of the recovery rests on the success of its so-far struggling vaccination programme and on a vast injection of loans and grants from the European Union. Italy is eligible for around 200 billion euros ($238 billion) from the bloc's flagship virus recovery fund, but in return, it has to commit to a comprehensive reform plan, subject to Brussels' approval. Prime Minister Mario Draghi, the former European Central Bank president who has been tasked with reviving Italy's economic prospects, is expected to present the plan by the end of the month. The country badly needs relief from an economic and health emergency which has seen more than 113,500 people die with the coronavirus and almost one million people lose their jobs since February 2020. aa/ach
schema:headline	Italy's Covid slump to end in late 2022: business lobby
schema:mentions	European Central Bank General Confederation of Italian Industry Eurozone Flagship Prime Minister of Italy Mario Draghi Brussels International Monetary Fund Gross domestic product Italy Pandemic Virus Coronavirus disease Vaccine United States Severe acute respiratory syndrome coronavirus 2
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-10 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	69 (xsd:integer)

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