Italy expects its economy to shrink by about 8% this year.
Prime Minister Giuseppe Conte apologised to Italians on Friday for their economic hardships and promised a brighter future once the lockdown lifts.
The length of Italy's lockdown means its economy is on course to contract more sharply than the eurozone's average. But Conte warned on Thursday that the drop could reach 10 percent or more if the virus begins to spread again and further containment measures are needed. Conte's government is reportedly only considering reimposing local lockdowns rather than a national one should infection rates edge back up.
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