Forecasted impact of coronavirus (COVID-19) on GDP in Italy Q1-Q2 2020, by industry

According to a forecast published in February 2020, it was estimated that Italy's GDP will decrease due to the impact of coronavirus (COVID-19). According to the estimate, the sectors of textile, train and air transport, hotels, restaurants, shows, and sporting events are expected to record the highest drop. On the other hand, some industries could benefit from the spread of coronavirus in terms of GDP growth. For instance, the gross domestic product could increase up to six percent in the following sectors: food, health, chemicals for house care and personal care, food large-scale distribution, publishing activities, communication, and IT services.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Forecasted short-term impact of coronavirus (COVID-19) on gross domestic product (GDP) in Italy in the 1st and 2nd quarter of 2020, by industry

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Source

In cooperation with
REF Ricerche
Release date

February 2020

Region

Italy

Survey time period

Q1-Q2 2020

Supplementary notes

The source links the best case scenario to the possibility of finding quickly a solution to the virus outbreak. For instance, the probability of a drop in the number of cases in the springtime or the developing of a vaccine.

On the other hand, the worst case scenario refers to the probability of an increase in the number of cases in more countries which could lead to a larger manufacturing stop and a shortage of inventories of semi-finished goods.

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