Italy: GDP dops at 8.9% rate in 2020


ISTAT said that Italy’s GDP fell by 8.9% in 2020 to 1.6 trillion euros, or the 1997 level 23 years ago. 

According to the Statistics Bureau, the gross domestic product is 1651.595 billion euros based on market prices. At market prices, it fell by 7.8%.


 Due to COVID, public debt rose to 155.6% of GDP last year. This is an increase from 134.6% in 2019. The deficit last year was 9.5%. In comparison, the deficit in 2019 was 1.6%.

 ISTAT said that by 2020, the tax burden will increase to 43.1%. This is an increase from 42.4% in 2019.

Covid-19 Portugal Social issues

Covid: Portugal has 90.3 cases per 100K inhabitants

  According to a joint announcement by the General Administration of Health (DGS) and INSA, Portugal has 90.3 SARS-CoV-2 cases per 100,000 inhabitants, and its transmission index (Rt) is 0.84.    As stated by official data, the incidence rate was 79.1 cases per 100,000 inhabitants, and the Rt was 0.80 when analyzed in mainland Portugal […]

Read More
COVID19 Europe Italy Social issues

Italy reaches highest COVID-19 levels in several months

  Covid-19 cases in Italy reached their highest level in several months this week due to manufacturing problems that caused vaccines to be shipped to Italy at a slower rate than expected, forcing certain areas to return to confinement to prevent the worst-hit countries in the world to break out again.  Italian officials blamed this […]

Read More
Austria COVID19 Politics Vienna

Vienna: Thousands protest against coronavirus restrictions

  The police said thousands of people took part in the latest protests against coronavirus restrictions in Vienna on Saturday and were arrested for violating the Public Order Act and Covid’s regulations.    Many protesters did not wear masks and did not observe social distancing when they reached the park through the center of the […]

Read More

Please disable your adblocker or whitelist this site!