Rome

Italian economy better than expected, Confindustria says

Revises GDP forecast to -1.6% instead of 1.9% for 2013

Italian economy better than expected, Confindustria says

Rome, September 11 - Italy's economy will shrink less than previously forecast, according to figures released by the Italian industry federation Confindustria on Wednesday. The Confindustria's research centre (CSC) said it expects Italy's GDP to contract by 1.6% for the year instead of 1.9%, and predicts economic growth of 0.7% in 2014, up from 0.5%.

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