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Italy's recovery 'modest' over next two years says Fitch

Growth driven by exports, domestic consumer market static

14 March, 12:42
Italy's recovery 'modest' over next two years says Fitch (ANSA) - Rome, March 14 - Italy's recovery over the next two years will be "modest", with 0.6% growth in 2014 and 1% growth in 2015, ratings agency Fitch said in its Global Economic Outlook released Friday. This year growth will be driven primarily by exports, while the domestic consumer market is expected to remain static, said the chapter devoted to Italy. Italy technically began to emerge from recession - its worst since World War II - in the second half of last year, a year which nevertheless ended with negative growth.

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