The Bank of Italy on Friday
revised downward its Italy GDP growth estimates in the wake of
the Brexit, from +1.1% to +0.9% this year and from +1.2% to
+0.9% in 2017.
Italy's GDP should grow by +1.1% in 2018 and 2019, according
to the Italian central bank's macroeconomic estimates.
The revised forecasts "mainly reflect less favorable
hypotheses on foreign demand and interest rates on international
markets", but not the effects of last Sunday's referendum nor
the European Central Bank's decision to extend its Quantitative
Easing (QE) programme throughout 2017, the BoI said.
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