European Commission to cut Italy 2019 growth forecast to 0.2 percent: Ansa

ROME (Reuters) – The European Commission will slash its 2019 growth forecast for Italy, the euro zone’s third-biggest economy, to 0.2 percent from its 1.2 percent estimate given in November, state news agency Ansa said on Wednesday.

The Commission is due to publish its new forecasts on Thursday. Italy’s economy contracted for the second consecutive quarter at the end of last year, throwing the country into its third recession in a decade.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.