Economy

Reuters exclusively reports Italy cuts 2019, 2020 GDP growth forecasts

Reuters exclusively reports Italy cuts 2019, 2020 GDP growth forecasts

Reuters exclusively reported that Italy’s new government expects the economy to expand by only about 0.4% next year after eking out 0.1% growth this year, underscoring the need for an expansionary 2020 budget. In April, the previous government of the anti-establishment 5-Star Movement and the right-wing League had targeted gross domestic product growth of 0.2% this year and 0.8% in 2020.