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Italians lost 2,600 euros per inhabitant last year due to the economic consequences of the coronavirus crisis, writes MTI.
According to a study published on Saturday by the Italian trade organization CGIA, the country’s gross domestic product fell 9.9 percent in 2020 due to the economic consequences of the coronavirus crisis, which cost the country’s citizens 2,600 euros per head. .
The Italian government expects economic growth of 4.1 percent by 2021.
According to the CGIA, the country’s gross domestic product will return to pre-crisis levels in 2024.
The trade organization estimates that household consumption fell 101 billion euros last year, 10.5% more than in 2019. Italians have reduced their spending by € 4,400 per family. According to the organization’s projections, household consumption will increase by 3.8 percent in 2021.
According to the study, investment fell 13.6 percent in Italy last year and is expected to grow 7.2 percent next year. Exports fell 16.7 percent last year and are expected to grow 10.3 percent next year.
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