Central Banks
Bank of Italy Cuts 2025 Outlook in Wake of Trump’s Tariffs
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The Bank of Italy cut its forecast for growth this year, reckoning that new US tariffs will hold back expansion in the euro zone’s third-biggest economy.
Gross domestic product is seen rising 0.6% in 2025 compared to a previous forecast of 0.8%, according to the central bank’s latest projections released on Friday. Output will accelerate to 0.8% next year, before slowing again to 0.7% in 2027.