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Italian Premier Says 2019 Growth May Reach 1.5% Despite Risks

  • Conte dismisses investor concerns of need for budget revision
  • He echoes attacks by populist leaders on France, Germany
Bloomberg business news
Italian Prime Minister Giuseppe Conte discusses the country’s budget measures and the outlook for the economy.Source: Bloomberg)
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Prime Minister Giuseppe Conte brushed aside fears Italy is headed for a recession, insisting that economic growth could climb as much as 1.5 percent this year and ruled out any need for a budget adjustment to meet targets.

Key measures in the populist government’s budget are now taking effect, Conte told Bloomberg Television’s Francine Lacqua in an interview at the World Economic Forum in Davos on Wednesday. They include structural measures and a plan to kick-start struggling investments.