EU Commission to cut Italy's growth forecasts for 2019 to 0.6 percent - La Repubblica

EU Commission to cut Italy's growth forecasts for 2019 to 0.6 percent - La Repubblica
Buildings are seen in the Porta Nuova district in Milan, Italy, March 27, 2017. REUTERS/Stefano Rellandini Copyright Stefano Rellandini(Reuters)
Copyright Stefano Rellandini(Reuters)
By Reuters
Share this articleComments
Share this articleClose Button

MILAN (Reuters) - The European Commission will cut its 2019 growth forecast for Italy to 0.6 percent or "slightly" below, daily newspaper La Repubblica said on Tuesday.

The new forecast, due on Feb. 7, will match current estimates on Italy's GDP published by Bank of Italy and International Monetary Fund, the report added.

Italy's government currently estimates 1.0 percent growth for this year, while EU's previous forecast, released in November, pointed to 1.2 percent growth.

(Reporting by Giulio Piovaccari; Editing by Kim Coghill)

Share this articleComments

You might also like