Italy
italy

Italy: COVID-19 is a wake-up call to bolster national resilience

Italy has an opportunity to rebuild economic and health resilience with the help of EU funds after a hard hit from the first wave of COVID-19.

Key takeaways of this Economic Insights are:

  • COVID-19 has hit Italy hard, with real GDP expected to contract by 10% in 2020, and low economic resilience will constrain its recovery.
  • The pandemic is exposing existing vulnerabilities such as high public debt, which will reach above 160% of GDP this year.
  • Health resilience is likely to weaken due to COVID-19 as public spending and incomes fall.
  • The crisis offers an opportunity to build future resilience with support from EU funds, of which Italy is the largest single recipient.
  • The private insurance sector can play a role in reducing healthcare system vulnerabilities.

Economic Insights, direct to your inbox

Our Economic Insights series looks at current economic topics and their implications for the re/insurance industry.

Subscribe to receive each edition of Economic Insights.

Tags

economicinsights italy covid19

Economic Insights Italy: COVID-19 is a wake-up call to bolster national resilience

Contact

See also former Economic Insights