The COVID epidemic will burn up 116
billion euros in consumer spending in Italy in 2020 with an
average of 1,900 euros a head, retail group Confcommercio said
Monday.
The fall in consumer spending will be 10.9% on 2019 at a
national level, it said.
The biggest regional fall will be in Trentino with 16%.
Molise will have a fall of 7.2%.
The north is the worst hit area with an 11.7% drop, with almost
60% concentrated in its eight regions and with Lombardy showing
the biggest drop of 22.6 billion euros.
The south will have a drop of 8.5%.
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