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Italian economy predicted growth after three-year recession

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Italian economy predicted growth after three-year recession

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The Italian economy could post its first year of expansion in 2015 after a three-year recession.

That’s a prediction by the Organisation for Economic Cooperation and Development – the OECD. It forecast a growth of 0.4 percent this year for the eurozone’s third-largest economy but also its most sluggish.

The prediction is slightly above that which the organisation posted last November with forecast of a 0.2 percent growth.

But the International Monetary Fund, the Italian government and its central bank all see growth of the country’s economy of around 0.6 percent.