Italy’s economy would struggle with ‘even a minor recession,’ former IMF director says

Italy's designated Prime Minister Carlo Cottarelli talks to journalists after having received from Italy's President Sergio Mattarella the mandate to form a new government at the Quirinale Palace, May 29, 2018.

Giuseppe Ciccia | Pacific Press | LightRocket | Getty Images

Italy’s designated Prime Minister Carlo Cottarelli talks to journalists after having received from Italy’s President Sergio Mattarella the mandate to form a new government at the Quirinale Palace, May 29, 2018.

Italy’s economy is in such a fragile state that even a minor recession could be very dangerous, according to a former director at the International Monetary Fund (IMF).

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