Fed’s Surprise Move Puts Pressure on Europe to Act on Virus Risks

The transcript discusses the economic pressures on European countries following the Federal Reserve's actions. France advocates for fiscal stimulus, emphasizing quick action to protect the economy. Germany remains hesitant to make significant economic moves, citing uncertainty about the crisis's full impact. Italy, severely affected by the coronavirus, is eager for a substantial fiscal boost, but economists predict a recession. The discussion highlights the varying responses and challenges faced by these countries in addressing the economic crisis.

How has Italy been affected by the coronavirus in terms of fiscal policy?

What is the general consensus among economists about Italy's economic outlook this year?