- Bank of Italy lowers 2013 GDP forecast to -1.9% from -1.0%
- Sees 0.7% growth in 2014
- Sees downside risks linked to global uncertainty and weak credit conditions
- Sees unemployment rising to nearly 13% in 2014
The 2013 forecast brings the Bank of Italy into line with private forecasters, who see -1.8% growth so it’s not a big shock.
