Impact of COVID-19 on Italy Economy Market Increasing Demand, Growth Analysis and Future Outlook by 2031

Italy is among the most affected countries with coronavirus outbreak across the globe, as the incidences rising at a significant pace than any other country. In Italy, the death toll from COVID-19 surpassed 5,000, witnessing a sharp increase from the last few days. COVID-19 pandemic has a devastating impact on the Italian economy, as industrial output fell significantly. Italy had a considerable position in the value of industrial production in the EU member states. For instance, as per the Eurostat, more than 75% of the value of sold industrial production in EU 28 was generated by six member states, including Germany, Italy, France, UK, Spain, and Poland with 28%, 16%, 12%, 9%, 8%, and 5%, of total EU respectively (Eurostat). The country accounted for nearly 2.4% ($2.1 trillion) of the world’s GDP in 2018.

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Based on industry classification, the Italy economy is segmented into automobile, food & beverage, aviation, BFSI, retail, travel and tourism, healthcare, personal protective equipment, and others. Due to the epidemics of COVID-19, the Italy government has put lockdown strategy to limit the COVID-19 pandemic. As a result, major automobile companies have temporarily shut down their factories to minimize the spread of coronavirus. For instance, in Italy, Ferrari S.p.A. has suspended production for two weeks coupled with Italian government orders for nationwide lockdown due to the COVID-19 epidemic.

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• Market Coverage


• Market number available for – 2025-2031


• Base year- 2025


• Forecast period- 2025-2031


• Segment Covered- By Source, By Product Type, By Applications


• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill


• , and others

Verticals Affected Most

• Automobile


• Food & Beverage


• Aviation


• BFSI


• Retail


• Travel and Tourism


• Healthcare


• Personal Protective Equipment


• Others

Company Profiles

• Alitalia – Società Aerea Italiana S.p.A.


• Assicurazioni Generali S.p.A.


• Banca Sella S.p.A.


• Esselunga S.p.A.


• Eni S.p.A


• Ferrari S.p.A.


• Fiat Chrysler Automobiles N.V.


• General Electric Co.


• Nexi S.p.A.


• Poste Italiane SpA


• UBI Banca S.p.A.


• Enel S.p.A.


• TIM S.p.A.

The Report Covers

• Comprehensive research methodology of the pre and post-COVID-19 impact on Italy economy.


• This report also includes a detailed and extensive market overview with key analyst insights.


• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.


• Analysis of regional regulations and other government policies impacting the Italy economy.


• Insights about market determinants which are stimulating Italy economy.


• Detailed and extensive market segments with regional distribution of forecasted revenues.


• Extensive profiles and recent developments of market players.

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