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The EC assesses that the COVID-19 acute respiratory infection and measures to prevent the spread of the disease have caused serious damage to the Italian economy, and the blockade of production activities will have a strong impact on economic activities. economy in the second quarter of 2020.|In the event that the second wave of the disease does not break out again, the Italian economy will continue to be supported by government policies. Industrial production will recover faster, but tourism and related services will take longer to recover.|Consumer spending is likely to recover from mid-2020, and packages to help businesses avoid layoffs will help cushion the impact of the wage crisis. However, investment activities of businesses will decline sharply in 2020 due to unstable demand… The EC said that growth forecasts are still at risk of decline and a prolonged labor market collapse may cause may slow down the recovery process.