Italy Economy to Expand Less Than Renzi Sees, EU Says
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Italy’s economy will expand this year less than the government estimates as the recovery will be mainly driven by external demand, according to the EU’s forecasts published today.
Gross domestic product will rise 0.6 percent this year, the Brussels-based commission said today. That’s in line with Italy’s statistics office Istat’s estimate released today and compares with Italian Premier Matteo Renzi’s expectations of a 0.8 percent expansion.