Bank of Italy sees Italian GDP to contract 9.2% this year, down from its May projection of -9.0%

Market news

5 June 2020

Bank of Italy sees Italian GDP to contract 9.2% this year, down from its May projection of -9.0%

Estimates government stimulus measures to add 2 percentage points to Italy's GDP
Sees Italian Harmonised Index of Consumer Prices (HICP) to decline by 0.1% this year and be unchanged in 2021
Sees Italian employment to fall by 3.9% in 2020 and jobless rate to average 10.6%

Canada's economic activity improves slightly in May

Canada: Ivey Purchasing Managers Index, May 39.1

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