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56 November, 2020 Italy Global: 47 Availability: 41 Cost: 60 Regulation: 34 Productivity: 39 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 40) Region: 28 Availability: 25 Cost: 32 Regulation: 24 Productivity: 16 Remote Readiness 17 Remote Readiness 27 Over $90 billion USD has been spent in Italy in response to Covid-19. The key economic measures to protect livelihoods and jobs include: • Additional healthcare staff • Financial support for laid off workers and the self-employed • Short time work program • Social security contribution suspension for new hires • Financial support for families including childcare vouchers • Grants for SMEs and tax deferrals • Sector specific measures https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Italian borders are only open to specific countries. Travellers from high risk countries must take a Covid-19 test and all travellers must complete a self-declaration form and may need to self-isolate for 14 days. Restrictions are on a regional basis depending on the infection rates. In high risk areas non- essential shops and services are closed. Secondary and middle schools are closed. 4.9% 4.7% 0% 20% Italy Regional Ave. % of GDP Italy Q4 2019* Q4 2020* % Change YOY Total Workforce 26.10M 24.82M -4.9% Unemployment Rate (%) 9.9% 9.6% -3% Unemployed Workers 2.58M 2.38M -8% Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/ http://dati-congiuntura.istat.it/?lang=en