Italy's business lobby Confindustria said on Saturday the country's growth this year would be more robust than expected, mainly due to a more contained impact of the COVID-19 Delta variant and stronger-than-expected economic indicators. In a report, the association's research unit CSC forecast gross domestic product (GDP) would rise 6.1% this year and 4.1% next year, going above pre-pandemic levels in the first half of 2022. In April the research unit had said Italy's GDP would be up 4.1% in 2021.
Recessions don't affect every industry equally. In the economic downturn associated with the dotcom bust, U.S. employment only fell 1.3%. In this latest pandemic-induced recession, the number of people at work dropped 14.7%.
Former Arsenal captain Vieira returns to north London on Monday as the Eagles manager.