Martedì, 16 Ottobre 2018
ROME

Bank of Italy says next year of growth not until 2014

English
© ANSA

(see related stories)
Rome, January 18 - Although Italy is set to pull
out of recession in the second half of this year, the nation
will not post a positive gross domestic product figure for the
whole year until 2014, the Bank of Italy said in a report on
Friday.
The central bank added that even then it will be only be
modest growth of 0.7% and warned that there were "large margins
of uncertainty" about this forecast.
It said 2014 will be of a year of growth on the basis of a
scenario in which there is a "gradual resumption of investments
following the normalisation of finance conditions, recovery of
(consumer) demand and...a climate of confidence".

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