Italy Is Said to Cut Growth Forecast as Budget Battle Heats Up
- Government jaws with Brussels as deadline in parliament looms
- Forecast slashed in bid to show that projections are credible
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Italy’s populist government is planning to slash its growth forecast for next year as it fights to persuade the European Union that its spending plans and budget projections are credible.
Italy will reduce its GDP outlook for 2019 to 0.9 percent or 1 percent from 1.5 percent, according to a Treasury official, who asked not to be identified because the change is not public yet.