"The recovery path... will produce positive results in 2021, when the GDP is expected to start growing again (4.6 percent), supported by the contribution of the domestic demand net of inventories (4.2 percentage points), and, to a lesser extent, by the net foreign demand (0.3 percentage points) and inventories (0.1 percentage points)," ISTAT wrote.

RECOVERY STRATEGIES

In related news on Monday, a committee of economic experts in charge of consulting the government on recovery strategies in the second phase of the coronavirus emergency submitted its final report to Prime Minister Giuseppe Conte's cabinet, after eight weeks of work.

The report focused on some "overall goals, and six crucial fields for the revamp, with specific initiatives outlined for each of them," the committee explained in a statement.

More specifically, the selected fields were identified as "employment and businesses; infrastructure and environment; tourism, arts, and culture; public administration; education, research and skills; and individuals and households."

The committee, set up by the government on April 10, is made up of 24 scholars, technical state officials, and business professionals, was led by former CEO of Vodafone phone company Vittorio Colao.

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