Rome

Italy's employers expect negative growth of 1.9% this year

Recession won't end till 4th quarter, says Confindustria

Italy's employers expect negative growth of 1.9% this year

Rome, June 27 - Industrial employers' confederation Confindustria said Thursday that it expects recession-hit Italy to post negative growth of 1.9% this year, revising down its previous estimate of -1.1% for gross domestic product (GDP). Confindustria's research centre said in a report that it no longer expected Italy's longest recession in over 20 years to end in the summer, saying "a weak recovery" should start in the fourth quarter. It also revised down its growth forecast for 2014 from 0.6% to 0.5%.

Lascia il tuo commento

Condividi le tue opinioni su Gazzetta del Sud online

Caratteri rimanenti: 400

Le altre notizie

i più letti di oggi