IMF raises Italy growth forecasts

(ANSA) - New York, July 24 - The International Monetary Fund (IMF) said Monday that it has hiked up its growth forecasts for Italy. The fund said it expects Italian GDP to increase by 1.3% this year, 0.5 of a percentage point more than it predicted in April. It sees GDP growth of 1% in 2018, 0.2 of a point more than the previous forecast.