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Bank of Italy cuts Italy 2019 GDP growth forecast to 0.6% from 1.0% in December

FX Street

Published date: 18 Jan. 2019 | 15:12

According to Reuters, the Bank of Italy has cut its 2019 GDP growth expectation to 0.6% from 1% in December’s report.

Key takeaways

Economy probably contracted in Q4 2018 for second straight quarter.
Gross NPL ratio for Italian banks under ECB supervision fell to 9.4% in Q3 2018 from 9.7% in Q2.

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