Prometeia Brief - Italy in the Global Economy

November 2020

The better than expected results for Italy in Q3 is likely to support activity levels in 2020 despite the negative outlook for Q4.

We have therefore revised our forecast for 2020 GDP growth upward to -9% from the -9.6% projected in our October release.

This better than expected rebound in Q3 is making us more optimistic about the resilience of the Italian economy in the coming months, although the challenges to come have grown in recent weeks.