Sunday

25th Sep 2016

Ticker

Italy to cut growth estimates

Italy will cut its economic growth forecasts, economy minister Pier Carlo Padoan told at a Euromoney conference on Tuesday, Reuters reported. Growth in the eurozone's third-largest economy is expected to be cut to 0.8-0.9 percent for this year, down from 1.2 percent forecast in April. Weaker growth makes it harder for Rome to cut its huge public debt, the highest in the eurozone after Greece.

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