COVID-19 and decreasing consumption: a multisectoral assesment for Italy

The outbreak of Covid-19 pandemic caused an important decrease in GDP worldwide; mobility, job markets, and the efficiency of national health systems were particularly affected dimensions of everyday life. In the second quarter of 2020, household expenditure decreased by more than 10% on average compared to that of the second quarter of 2019. The present study quantifies the impact of Covid-19 pandemic on final demand and economic growth adopting a multi-sectoral analysis of recent official statistics (national accounting) for Italy. A multi-sectoral approach allows for the estimation of the inherent growth (or decline) of economic activities by industry type, contributing to clarify the post-pandemic resilience potential of one of the most affected countries among advanced economies.