Bank of Italy cuts 2021 growth forecast to 3.5%

Impact of second wave of COVID-19 is to blame says central bank

(ANSA) - ROME, JAN 15 - The Bank of Italy said Friday that it has cut its growth forecast for 2021 to 3.5%, down by one point with respect to the forecast made in July.
    The central bank said the second wave of COVID-19 was to blame as it led to a 3.5% contraction in GDP in the fourth quarter of 2020 and this is set to delay the recovery this year. (ANSA).
   

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