(ANSA) - Rome, July 16 - The parliamentary budget office
(UPB) on Monday revised downwards its growth forecasts for Italy
for this year and next.
Growth for 2018 is estimated to be 1.3%, down from May's
estimate of 1.4%.
Growth in 2019 is also revised slightly downward to 1%, the
UPB said.
For the short and medium term, the office said, "also for
Italy global risk factors are looming which will generate
uncertainty and will orient forecasts downwards".
photo: Economy Minister Giovanni Tria
UPB revises GDP forecasts down
1.3% in 2018, 1% in 2019