(ANSA) - Rome, June 7 - The Bank of Italy on Friday cut its
Italian growth forecasts to 0.3% for 2019 and 0.7% for 2020.
It also cut its 2021 forecast, to 0.9%.
The new forecasts "take into account ISTAT's revising
downward of growth in the first quarter of this year", the BoI
said.
The lower forecasts "reflect the greater weakness of foreign
demand seen in the last few months and the protraction of
conditions of elevated uncertainty in business polls".
BoI cuts growth forecast to 0.3% 2019
To reflect weaker foreign demand, uncertain business sentiment