S&P cuts Italy's 2018 GDP forecast to 1.1%

(ANSA) - Milan, September 26 - Standard & Poor's has again cut its growth forecasts for Italy, according to updated figures in a report entitled Euro Weakness Is Not Over Yet. It said Italy's GDP is set to rise 1.1% this year and next, compared to its previous forecasts of 1.3% for 2018 and 1.2% for 2019.
    The rating agency had already cut its forecasts in July, citing the domestic political situation and uncertainty about whether the government wants to continue on a path of fiscal consolidation.