Italy tourism

trevi fountain

Tourism’s Fall To Damage The Italian Economy; Possible Disruptions In Industry Can Affect European Partners

According to the latest aggregate Tourism Satellite Account from Eurostat, tourism consumption in Italy amounted to 146.33 Bn€, while the country’s GDP entered 2020 with a negative drag effect of 0.2%. European partners must be more worried about the potential upheaval in the country’s industry: the second largest in Europe. The key is that almost a third of its production is intermediate goods. Therefore any disruption in Italy’s manufacturing activity would be trasmitted to their European counterparts.