x

Coronavirus

Bank of Italy Forecasts 4% GDP Growth in 2021

ROME — The head of Italy’s central bank said Monday the eurozone’s third-largest economy could grow 4% this year, after shedding 9% during the pandemic year of 2020.

In the Bank of Italy governor’s annual report on the economy, Ignazio Visco cited indications of industrial production regaining momentum and plans for fresh investments by companies alongside progress in the vaccination plans, which together could help accelerate the recovery.

He noted that Italian firms were in better shape going into the pandemic than the financial crisis more than a decade ago, and that significant European and government support measures were helping to spur the economy.

Italy is slated to be the largest single recipient of EU recovery funds, which Visco said “offers us the chance to improve how the public sector works, and to stimulate private enterprise and modernize the economy.”

RELATED

ATHENS - Just when it seemed that COVID-19 was just about forgotten and the pandemic was behind, an increase in respiratory viral infections has led Greek health authorities to recommend wearing masks again in crowded areas.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Russian Missiles Slam into a Ukraine City and Kill 13 People as the War Approaches a Critical Stage

KYIV, Ukraine (AP) — Three Russian missiles slammed into a downtown area of the northern Ukrainian city of Chernihiv on Wednesday, hitting an eight-floor apartment building and killing at least 13 people, authorities said.

ATHENS - A primary surplus of 2.

ATHENS – The Divani Palace Acropolis, nestled in the heart of Athens, is set to elevate the city's dining and nightlife scene with the grand opening of its much-anticipated rooftop restaurant and bar next month.

NEW YORK (AP) — Sen. Bob Menendez may seek exoneration at his May bribery trial by blaming his wife, saying she kept him in the dark about anything that could be illegal about her dealings with New Jersey businessmen, according to court papers unsealed Tuesday.

It was a close brush with death but a 40-year-old British tourist bitten by a deadly viper while at a yoga retreat on Cyprus is recovering after getting swift hospitalization to counteract the venom.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.