The International Monetary Fund
said Monday that Italy's financial situation was among the main
risk factors for the global economy.
"In Europe the Brexit cliffhanger continues, and the costly
spillovers between sovereign and financial risk in Italy remain
a threat," the IMF said in an update of its World Economic
Outlook.
The Fund added that it revised down its GDP growth forecast
for Italy for 2019 to 0.6%, down from the 1% it predicted in
October.
It kept its forecast of 0.9% growth for 2020.
"We have revised downwards our forecasts for advanced
economies slightly, mainly due to downward revisions for the
euro area," the IMF said.
"Within the euro area the significant revisions are for
Germany, where production difficulties in the auto sector and
lower external demand will weigh on growth in 2019, and for
Italy where sovereign and financial risks and the connections
between them are adding headwinds to growth".
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