Changes in growth from Bank of Italy

  • Bank of Italy cut 2018 GDP growth forecast to 1.3% from 1.5%
  • sees growth slowed to 1% in 2019
  • Sees 2nd-quarter GDP 0.2% quarter on quarter following 0.3% rise in the 1st quarter
  • sees Italy EU harmonized inflation rate of 1.3% in 2018 1.5% in 2019