Fitch Ratings agency on Wednesday
revised downward its Italy growth estimate, to 0.8% from 1% in
2016 and to 1% in 2017 and 2018 (down from 1.3% and 1.1%,
respectively).
The agency in its latest Global Economic Outlook report
pointed to the weakness of European banks, the Brexit, and
unresolved issues as far as Italian bank assets concerned.
The Fitch estimate is just under the last International
Monetary Fund forecast for Italy. It joins the Bank of Italy,
the Parliamentary Budget Office, and Confindustria
industrialists' association in lowering its GDP estimates.
The Italian government in April had forecast 1.2% growth,
but this was before the British people voted to leave the
European Union.
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