Had we postponed the adoption of measures, the consequences of such irresponsible behavior, to our citizens and our economy, would have been enormous. In what sense? We would have witnessed unemployment, factory closures, billions of euros of GDP lost.
Had we not responded immediately and comprehensively, we estimate that GDP would have fallen by over 6% in 2020, while the recovery, as was the case after the earlier, 2009 crisis, would last three to five years.