Italy's GDP fell 1.9% in 4th quarter of 2020 - ISTAT

Figure slightly better than previously forecast

(ANSA) - ROME, MAR 3 - ISTAT said Wednesday that Italy's seasonally and calendar adjusted Gross Domestic Product (GDP) decreased by 1.9% in the fourth quarter of 2020 with respect to the previous three months and by 6.6% in comparison with the same period in 2019.
    The quarter-on-quarter figure was slightly better than the previous forecast of a drop of 2%.
    The national statistics agency said the GDP fall in the fourth quarter was caused by "the new measures to contain the health emergency" of COVID-19.
    "The carry-over annual GDP growth for 2021 is equal to +2.3%," ISTAT said. (ANSA).


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