Italy’s economy is forecasted to shrink by 8.3% this year due to the impact of the COVID-19 pandemic, according to the EU Commission. Italy’s government debt is also projected to rise to 158.9% of GDP, the second-highest in the EU after Greece. The Commission has approved Italy’s plans to use 191.5 billion euros in grants and loans from the EU’s recovery fund to help revive its economy. The country is facing challenges in recovering from the pandemic’s economic fallout, including high unemployment rates and weak investment levels.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
