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Brexit impact 0.5-1 point of GDP - DEF

Exit could unsettle markets, exchange rates

Redazione Ansa

(ANSA) - Rome, September 29 - The Brexit will hit the Italian economy by between 0.5 and 1.0 of a percentage point of GDP in the 2016-2017 period, according to the revised version of the government's economic blueprint, the Economic and Financial Document (DEF).
    It said Britain's exit from the European Union could hit the Italian economy in four main ways - by affecting the financial markets and Italian exports amid causing uncertainty the length and outcome of the negotiations; by unsettling companies investment decisions and expectations; by slowing consumer spending and by hitting the euro's exchange rate and Italy's borrowing costs.
   

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