Washington

IMF revises down GDP forecast for Italy

Expects negative growth of 1.5% in 2013

IMF revises down GDP forecast for Italy

Washington, April 16 - The International Monetary Fund (IMF) said Tuesday that it has revised down its 2013 gross domestic product (GDP) forecast for recession-hit Italy. It forecast negative growth of 1.5%, 0.4% more than in January. The IMF said Italy's GDP should increase 0.5% in 2014. It also predicted unemployment will reach 12.0% this year, from 10.6% in 2012.

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