Istat data show a drop of 1.8% in household disposable income in the last three months of 2020 compared to the previous quarter, and the related final consumption of 2.5%. Purchasing power on the other hand fell by 2.1%. “Disastrous data! Lockdown effect! After the good rebound in the third quarter, Italy has plunged back into the tunnel of the crisis due to the restrictive measures reintroduced starting from the Dpcm of November 3, ”said Massimiliano Dona, president of the National Consumers Union.
“These data show that if the lockdown continues in the second quarter of this year, the expected rebound in 2021 will become a mirage. Other than GDP trend at 4.1%! In short, either the vaccinations will allow us to reopen everything at least in May, causing consumption to take off, or Italy is in trouble ”continues Dona. “In addition, more incisive measures are needed to support household income. If there is no money, in fact, it can hardly be spent ”concludes Dona.