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rdf:type	schema:NewsArticle
schema:articleBody	Italy's virus-stricken economy shrank by 8.9 percent last year, national statistics office Istat said Tuesday. The calendar-adjusted figure represents the biggest contraction in gross domestic product (GDP) since the end of World War II. It is a first estimate, subject to revision, which is slightly more optimistic than what had been forecast by the Bank of Italy and the International Monetary Fund. Both had predicted a 9.2-per-cent annual fall in GDP. The Italian government, for its part, had forecast a 9.0-percent drop. But it is still one of the worst in Europe, compared with a fall of 5.0 percent in Germany and 8.3 percent in France. Spain's economy did worse, with a drop of 11 percent. Istat said GDP shrank by 2.0 percent in the fourth quarter, compared to the previous three months. The economy was hit by a new round of restrictions introduced to combat the second wave of coronavirus later in the year, the agency noted. Italy, the eurozone's third largest economy, has been one of the countries worst hit by the pandemic, with nearly 90,000 dead from Covid-19. In March 2020, it was also the first country in Europe to go into a national lockdown, with devastating economic consequences. On Monday, Istat said more than 420,000 jobs were lost between February and December, including 101,000 just in the month of December. The slump also aggravated an existing gender gap in the labour market. In December, 99,000 women lost their employment, versus only 2,000 men. bh-aa/ar/bmm
schema:headline	Italy's GDP shrank 8.9% in 2020: stats agency
schema:mentions	Italian National Institute of Statistics Eurozone International Monetary Fund Spain World War II Germany Gross domestic product Italy Lockdown European Union Pandemic France Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-02-02 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	51 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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