Goldman Sachs Predicts Italy’s GDP Will Drop 11.6%

Respected financial firm Goldman Sachs has issued a sobering prediction about Italy’s economy this year. Their analysis shows that Italy’s GDP will drop by a stunning 11.6% in 2020.

Overall, Goldman Sachs projects that the European Union’s GDP will fall by 9% this year. Italy is expected to take the hardest hit after its strong coronavirus lockdown, while France’s economy may be down 7.4% over the same period.

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