Different estimations on Italy's GDP growth for 2020 have been published since the outbreak of the coronavirus pandemic. The most pessimistic forecasts estimated a contraction of the country's Gross Domestic Product of almost 13 percent. The actual data, published during the Spring 2021, revealed that Italy's GDP decreased by 8.9 percent over the course of 2020.
An economic outlook published in December 2019 forecasted a slight growth for the upcoming year. However, the source could not take into account the COVID-19 pandemic.
For a wider overview on the economic impact of the coronavirus in Italy, please consult this report. For further global information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.
GDP growth forecast and actual results for 2020 according to different sources in Italy
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Data has been compiled by Statista using the following
sources:
-Relazione Annuale sul 2020, Banca d'Italia
- Summer 2020 (interim) forecast European Commission
- World Economic Outlook, June 2020, IMF, International Monetary Fund
- European Economic Forecast, European Commission
- Congiuntura Ottobre, Congiuntura Gennaio, REF Ricerche
- Le previsione per l'Italia. Quali condizioni per la tenuta ed il rilancio dell'economia?,
Confindustria
- La mazzata del coronavirus al Pil italiano potrebbe durare più del previsto: tonfo del 3% nel 2020, Business Insider, conducted by Oxford Economics
- Italy's economic outlook, ISTAT
- Previsioni Italia: faticosa risalita dopo il crollo, investimenti e export soffrono più dei consumi, Confindustria
- Country Data, IMF October, International Monetary Fund
- European Economic Forecast - Autumn 2020, European Commission
- Italy's economic outlook 2020-2021, by ISTAT.
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Statista. (May 31, 2021). GDP growth forecast and actual results for 2020 according to different sources in Italy [Graph]. In Statista. Retrieved September 14, 2024, from https://www.statista.com/statistics/1110978/gdp-growth-forecast-according-to-different-sources-in-italy/
Statista. "GDP growth forecast and actual results for 2020 according to different sources in Italy." Chart. May 31, 2021. Statista. Accessed September 14, 2024. https://www.statista.com/statistics/1110978/gdp-growth-forecast-according-to-different-sources-in-italy/
Statista. (2021). GDP growth forecast and actual results for 2020 according to different sources in Italy. Statista. Statista Inc.. Accessed: September 14, 2024. https://www.statista.com/statistics/1110978/gdp-growth-forecast-according-to-different-sources-in-italy/
Statista. "Gdp Growth Forecast and Actual Results for 2020 According to Different Sources in Italy." Statista, Statista Inc., 31 May 2021, https://www.statista.com/statistics/1110978/gdp-growth-forecast-according-to-different-sources-in-italy/
Statista, GDP growth forecast and actual results for 2020 according to different sources in Italy Statista, https://www.statista.com/statistics/1110978/gdp-growth-forecast-according-to-different-sources-in-italy/ (last visited September 14, 2024)
GDP growth forecast and actual results for 2020 according to different sources in Italy [Graph], Statista, May 31, 2021. [Online]. Available: https://www.statista.com/statistics/1110978/gdp-growth-forecast-according-to-different-sources-in-italy/