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Thursday, 3 December 2020

Italian Unemployment Rate Likely to increase


ISTAT said on Thursday that the unemployment rate in Italy is expected to rise from 9.4% this year to 11% in 2021.

The National Bureau of Statistics said that those who did not actively participate in the labor market and returned to the labor market during the COVID-19 emergency will be a factor in the rise in unemployment next year.

It said Italy’s GDP will actually fall by 8.9% this year and will partially recover 4% by 2021. 


ISTAT said: "After a strong recovery in production and trade in the summer, new measures to curb infectious diseases have recently increased in many countries, which has dragged down the prospects for international recovery."

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