Fitch cuts Italy 2018 GDP to 1%, 2019 to 1.1%

(ANSA) - Milan, December 5 - Fitch on Wednesday cut its Italian growth forecasts for 2018 from 1.2% to 1% and for 2019 from 1.2% to 1.1%.
    This was due, the ratings agency said, to "domestic political uncertainty" and "fears for global trade".
    In its Global Economic Outlook, Fitch voiced doubts that fiscal easing could boost growth next year both because of the "uncertainties on the details of implementation" and "the probable low multiplicatory impacts of some measures".