In the second quarter, the Italian economy shrank by 12.4 percent due to the lockdown to curb the corona virus. According to Gualtieri, the decrease in gross domestic product (GDP) was slightly lower than that taken into account by the government of the southern European country.
The recovery of the Italian economy does depend on the developments of the corona virus, Gualtieri said. The recovery of the world economy also plays a role.
Gualtieri also said that the Italian government plans to lower income tax next year. This should give Italians more to spend and that should stimulate the economy.
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