EU reduces GDP in Italy: 1.3% in 2018
Jul 12, 2018 12:10 pm
The GDP outlook in the euro area and the EU in 2018 was revised to 2.1%
The EU Commission revises downwards the Italian GDP estimates: for 2018 they are limited to 1.3% (from 1.5% expected in May) and in 2019 to 1.1% (from 1.2% in May ).
“Although the Italian economy grew by 0.3% in the first quarter of 2018, only slightly less than the previous quarter, it has not completely escaped the general loss of momentum in advanced economies”, writes Brussels in the summer economic forecasts. The GDP outlook in the euro area and the EU in 2018 was revised to 2.1%.
Source URL: http://eurasiatx.com/eu-reduces-gdp-italy-1-3-2018/
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