24/04/2020 (Agence Europe) – Due to a recession calculated at 8% of national GDP inflicted by the COVID-19 pandemic, Italy’s public deficit and public debt in 2020 would amount to 10.4% and 155.7% of national GDP respectively, according to the draft revised budget law adopted by the Italian authorities on Friday 24 April. In 2021, a rebound would take place, they estimate. Growth would return to 4% of GDP and would allow a reduction in the deficit by 5.7% of GDP and in the debt by 152.7%. On 7 May, the European Commission will present its spring economic forecasts and its first analyses of the revised draft budget plans for 2020 submitted by the Member States. (MB and MF)