The "Europe Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) Q1 2022 Update" report has been added to ResearchAndMarkets.com's offering. Despite near-term challenges
The "Italy Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) Q1 2022 Update" report has been added to ResearchAndMarkets.com's offering. Italy's gift card industry
The "Italy Prepaid Card and Digital Wallet Business and Investment Opportunities Databook Market Size and Forecast, Consumer Attitude Behaviour, Retail Spend" report has been added to ResearchAndMarkets.com's
Research and Markets: Italy Gift Card and Incentive Card Market Databook 2021-2025: Spend Analysis by Digital/e-Gift Card, Retail & Corporate Consumers, Top Retailers, Distribution Channel, Occasions - ResearchAndMarkets.com
ResearchAndMarkets.com s offering.
The Italian economy has slid into recession due to COVID-19 crisis. As per national statistics bureau ISTAT, the economy declined by a quarterly rate of 12.8% during April-June 2020 period mainly due to crash in consumer spending and investment during lockdown. The economy is 17.7% smaller than it was in the same period in 2019.
Consequently, gift card market has recorded a subdued growth in 2020. However, the Global Gift Card Survey, Q4 2020 suggests a steady bounce back in 2021. The gift card usage and spending are expected to increase over the short to medium term.