Italy will be a black jersey in Europe: for Goldman, GDP in Spain will drop by 9.7%, Germany at -8.9%, France at -7.4%. The United Kingdom, on the other hand, would decrease by 7.5%. For the Eurozone as a whole, experts estimate a 9% drop in GDP. However, the analysis indicates a very significant recovery by 2021, when GDP will grow by 7.8%.
Godman Sachs also adds that the normalization of the business would be faster in Germany and France than in Italy and Spain because the former, in his view, announced significantly greater tax support for the economy, including unlimited loan guarantees .