(see related)
The European Commission said
Tuesday that it saw Italy continuing "moderate growth" in 2016,
although it revised down its forecast GDP rise to 1.1%, down
from the 1.4% it predicted in February.
"Over the course of 2015, the pace of growth declined and
resulted in a lower-than-expected carry-over for 2016," the
Commission said in its spring economic forecasts.
"This, together with a further slowdown in global trade,
mainly explains the downward revision of GDP growth for 2016 to
1.1% compared to 1.4% in the winter forecast".
However, the EU executive confirmed its forecast of a 1.3%
rise in Italy's GDP next year.
"Economic expansion is set to continue in 2017 at 1.3%,
thanks to more dynamic external demand and investment," it said.
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