DISINFO: Italian government’s hysterical response to the COVID pandemic has ruined Italy’s economy
SUMMARY
The Italian government’s hysterical response to the COVID pandemic - focused on the vaccine god - has ruined Italy’s economy.
RESPONSE
Recurring pro-Kremlin disinformation about the coronavirus, aimed at discrediting the Italian and other Western states' management of the pandemic. The article’s message is consistent with pro-Kremlin disinformation narratives aimed at exploiting the COVID-19 crisis to undermine public trust in Western governments.
The article’s claim that the Italian government’s vaccine-based response to the pandemic is “hysterical” and has “ruined Italy’s economy” does not reflect reality.
The management of the pandemic through vaccination has, in fact, enabled the recovery of Italy’s economy. The vaccination campaign in Italy has enabled the reopening and recovery of leading sectors of the Italian economy, such as export, manufacturing, industry and tourism.
The Bank of Italy has forecast that the Italian economy will grow by 5.1% this year and by 4.4% in 2022. According to data reported by the Financial Times, IHS Markit’s purchasing managers’ index for the Italian service sector hit 58.0 in July (its highest level since 2007), up from 56.7 in June.
To deal with the negative economic impact of COVID-19, the Italian government, shortly after the beginning of the pandemic, introduced economic measures to support families, businesses and economic sectors, ranging from tax suspension to social security contributions and allowances.
The European Union is helping the Member States, like Italy, to recover after the pandemic lockdown. The EU’s long-term budget, coupled with NextGenerationEU (NGEU), is a temporary instrument designed to boost recovery, and it will be the largest stimulus package ever financed in Europe. A total of €2.018 trillion in current prices will help rebuild a post-COVID-19 Europe. Read more here.
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