Martedì, 23 Ottobre 2018

Italy's employers expect negative growth of 1.9% this year


Rome, June 27 - Industrial employers' confederation
Confindustria said Thursday that it expects recession-hit Italy
to post negative growth of 1.9% this year, revising down its
previous estimate of -1.1% for gross domestic product (GDP).
Confindustria's research centre said in a report that it no
longer expected Italy's longest recession in over 20 years to
end in the summer, saying "a weak recovery" should start in the
fourth quarter.
It also revised down its growth forecast for 2014 from 0.6%
to 0.5%.

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