Paris

OECD revised down Italy GDP forecasts again

Negative growth of 1.8% predicted for 2013

OECD revised down Italy GDP forecasts again

Paris, May 29 - The OECD again revised down its gross domestic product forecasts for Italy on Wednesday, just a month after its last report on the Italian economy. The OECD forecast negative growth of 1.8% for Italy this year, compared to 1.5% in its previous prediction. It said GDP should rise 0.4% in 2014, compared to 0.5% in the previous forecast.

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