Italy GDP fell 8.9% in 2020 – ISTAT

(ANSA) – ROME, MAR 1 – Italy’s GDP fell 8.9% in 2020 in terms
of volume, ISTAT said Monday.
    At market prices, GDP amounted to 1,651,595 million euros, the
stats agency said.
    It fell 7.8% in market-price terms.
    The public debt rose to 155.6% of GDP last year due to COVID.
    This was up from 134.6% in 2019.
    The deficit was 9.5% last year.
    This compared to a deficit of 1.6% in 2019.
    The tax burden rose to 43.1% in 2020, ISTAT said.
    This was up from 42.4% in 2019. (ANSA).


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