Central Banks
Bank of Italy Cuts Growth Forecast for 2026 on Trade Tensions
A worker pushes a trolley with boxes of bananas at the Campo de' Fiori fruit and vegetables outdoor market in Rome.
Photographer: Matteo Bastianelli/BloombergThe Bank of Italy cut its growth forecast for next year as the euro zone’s third-biggest economy struggles with global trade tensions that weigh on exports.
Gross domestic product is seen rising just 0.6% next year compared with a previous forecast of 0.8%, according to the central bank’s latest projections released Friday. The institution still sees a 0.6% increase this year — higher than the government’s latest forecast of 0.5% — and 0.7% for 2027.