The 25-billion-euro deficit hike implemented with the decree will now push Italy's budget deficit to 11.9 percent of gross domestic product (GDP) this year and public debt to 157.6 percent of GDP, according to estimates provided by officials of Bank of Italy in late July.
The Italian economy -- the third-largest in the 19-member eurozone -- was likely to contract by around 9.5 percent in 2020, and rebound by 4.8 percent in 2021 and by 2.4 percent in 2022, according to the same sources.
A state of emergency for the COVID-19 pandemic declared by the Italian government on Jan. 31, and originally due to expire on July 31, was recently extended until Oct. 15. (1 euro = 1.18 U.S. dollars)
【国际英语资讯:Italys cabinet passes new 25-bln-euro stimulus package for COVID-19 recovery】相关文章:
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