Measures to counter the spread of the new coronavirus that first emerged in Chin...
BRESCIA, Italy - Measures to counter the spread of the new coronavirus that first emerged in China could have a significant impact on the Italian economy, adding to the marked negative risks to growth projections, the Bank of Italy said on Saturday.
The International Monetary Fund said last week that Italy’s public debt will remain around record highs in coming years and then rise. He also noted the risk of “a small de-globalization”, with people moving around less because of contagion fears and uncertainty over future demand holding back investments.The World Health Organization has declared the coronavirus epidemic a public health emergency of international concern, triggering recommendations to countries aimed at curbing cross-border spread of disease, while avoiding unnecessary interference with trade and travel.
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