Italy said to cut 2019 GDP growth forecast to 0.1% from 1.0%
- Italy said to target GDP growth of 0.3% to 0.4% for 2019
- Italy said to see wider 2019 budget deficit at 2.3% to 2.4%
This has been rumoured for a while now, with reports emerging last week and overnight. That said, it's enough to give markets a bit of a nudge lower with Italy's FTSE MIB now falling by 0.5% on the day.
Growth forecast cuts are becoming a thing now across the Eurozone, with Germany also suffering a similar fate earlier today here.