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Banks, Brexit weighing on Italy consumption says OECD

Banks, Brexit weighing on Italy consumption says OECD

(see related)Paris, November 28 - The Organization for Economic Cooperation and Development (OECD) said Monday Italy's economy is likely to slow down in the next two years, for a number of reasons. "Uncertainty related to the banking sector and the Brexit effect will weigh on private consumption growth in 2017," it said in its November report. "In 2018, the end of exemptions from worker benefit payments will slow down growth and employment".

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