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2 months ago
Bank of Italy lifts 2017 GDP forecast to 1.3 pct vs 1.0 pct
June 14, 2017 / 8:13 AM / 2 months ago

Bank of Italy lifts 2017 GDP forecast to 1.3 pct vs 1.0 pct

ROME, June 14 (Reuters) - Italy's economy will grow by 1.3 percent this year, the Bank of Italy said on Wednesday, raising a previous projection of 1.0 percent and bringing its forecast into line with that of the International Monetary Fund.

The central bank last increased its GDP forecast on June 9 but decided to hike it again following a better-than-expected first quarter, when the Italian economy expanded by 0.4 percent from the previous three months. (Editing by Crispian Balmer)

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