Istat cuts Italy 2018 GDP growth forecast to 1.1% from 1.4%

Italy's statistics bureau (Istat) lowered its domestic GDP growth forecast for 2018 to 1.1% from 1.4% forecasted in May.
Key highlights:
• Sees 2019 GDP growth forecast at 1.3%.
• Government's budget will support domestic demand in 2019.
• Net exports will make no contribution to growth.
Author

Haresh Menghani
FXStreet
Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

















