Deep recession looms for Italy, but worst is yet to come says professor in lockdown from Milan
The coronavirus has forced Italy to quarantine the entire country of more than 60 million people, and and this may expedite an already slowing economy, said Ivo Pezzuto, professor of global economics at the International School of Management.
“Last year, Italy was already teetering on the edge, 0.2% growth, really no growth at all,” Pezzuto told Kitco News, noting that a shock like the coronavirus is enough to bring growth into negative territory.
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