IMF Cuts Italy GDP Forecasts

The International Monetary Fund said Monday that it has cut its growth forecasts for Italy for 2017 and 2018, ANSA reported. It expects Italy’s GDP to rise 0.7% this year, down 0.2 of a percentage point with respect to its October estimate. It sees growth of 0.8% in 2018, down 0.3 of a point on the previous forecast. The IMF gave the figures as it updated its World Economic Outlook. It said the Italian economy grew by 0.9% in 2016.