The virus hits heavily the economy: 4m euros a day evaporating Italy

The virus hits heavily the economy: 4m euros a day evaporating Italy

Coronavirus is shaking not only humans but also the economy in Italy - its damage can be enormous. From Monday, local media say, with government offices, shops and factories closed in infection centres, Italy will start counting on the economic damage caused by the epidemic. Lombardia and Venice are worth [...]

Coronavirus is shaking not only humans but also the economy in Italy - its damage can be enormous.

From Monday, local media say, with government offices, shops and factories closed in infection centres, Italy will start counting on the economic damage caused by the epidemic. Lombardia and Venito are worth 31% of GDP in the neighbouring country, and as reports La Repubblica, although at the moment it is difficult to deal with an exact balance of damage, losses will be huge, accounting for the companies of Codolno sand Casalpustergos ) two of the municipalities that ended up in quarantine at Lombardi alone beats 1.5 billion euros a year.

Every day the isolation of the block of activity there can cause 4 million euros to evaporate, and if the accounts are made for the entire Lombard region, the loss bill would amount to 18 million euros a day. The Italian government has started working to help businesses in the affected regions. They ended up in quarantine. With the aim of limiting economic damage, the government is studying a type of “Marshall” for areas that have ended up in quarantine. Milan already paid a salt bill: the number of Chinese buyers has been reduced by 80% compared to last year.

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