Italy's economy will rebound strongly in the third quarter and should grow at a rate not far from 15%, Treasury Minister Roberto Gualtieri said on Sunday in a newspaper interview.
FILE PHOTO: Italian Economy Minister Roberto Gualtieri pictured at a ceremony in Rome, Italy September 5, 2019. REUTERS/Ciro de Luca/File Photo
MILAN - Italy’s economy will rebound strongly in the third quarter and should grow at a rate not far from 15%, Treasury Minister Roberto Gualtieri said on Sunday in a newspaper interview. Gualtieri told daily La Repubblica the fall in gross domestic product in the second quarter, estimated by the national statistics authority ISTAT at 12.4%, was a bit less than the government had expected.
“The rebound in the third quarter will probably be slightly lower than 15% but we believe not far from that number,” he said, adding however that much would depend on how the coronavirus pandemic and the world economy developed.Reporting by Stephen Jewkes; Editing by Gareth Jones
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