Rome

Italy to post negative growth of 1.9% in 2013 - BoI

Central bank forecast 1% fall in GDP in January

Italy to post negative growth of 1.9% in 2013 - BoI

Rome, July 17 - The Bank of Italy said in its economic bulletin on Wednesday that it had revised down its gross domestic product (GDP) forecast for this year, with the recession-hit country expected to post negative growth of 1.9%. It predicted a 1% drop in GDP for 2012 in January. The central bank said the economy should grow 0.7% in 2014.

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