270,000 firms risk bankruptcy in Italy

The windows of a shop with a centurion saying 'Hello Rome' as shops are preparing for the reopening in Prati neighborhood during the Phase Two of coronavirus lockdown in Rome, Italy. EPA-EFE/RICCARDO ANTIMIANI

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Some 270,000 Italian commercial and service-sector firms risk shutting down for good unless economic conditions improve fast and there is a full reopening in October, retail group Confcommercio.
The worst-hit sectors include clothing shops, hotels, bars, restaurants and businesses linked to entertainment and caring for people, as well as street sellers and travelling sales people, Confcommercio said.
The biggest losses would be registered among professions, with 49,000 going to the wall, and catering, with 45,000 firms shutting down, it said.

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