According to the agency, the Gross Domestic Product will increase by 4.7% in 2021 and 4.2% in 2022. The economy will recover “thanks to anti-Covid vaccinations”
Recovery thanks to vaccines – The rating agency also predicts that “80% of the Italian population will be vaccinated by autumn” and this will lead to a “strong recovery” of the economy. The acceleration of the vaccination campaign, together with fiscal stimuli, will stimulate “a solid economic recovery in the second half of this year”.
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Last October S&P Global had raised its outlook for our country from negative to stable and confirmed its BBB rating: two steps above the “junk” level, which would exert upward pressure on debt interest rates.
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