World Economy

BoI Boosts GDP Forecast

BoI Boosts  GDP ForecastBoI Boosts  GDP Forecast

The Bank of Italy raised its economic growth forecasts for the country after the European Central Bank committed to asset purchases to spur a recovery and inflation across the 19-nation region, Bloomberg said. Italy’s gross domestic product will expand more than 0.5% this year in comparision with the 0.4% growth projected in a Jan. 16 report by the Italian central bank.