In a recently published report, Bank of Italy announced that it was expecting the third quarter GDP expansion to come in at 0.1% on a quarterly basis following the second quarter’s 0.2% growth, as reported by Reuters.
Key quotes
- Foreign investors reduced holdings of Italian securities by 42.8bln euros in first 8 months of 2018.
- From January to August, foreign investors reduced holdings of Italian government bonds by 24.9bln euros, reduced holdings of Italian bank bonds by 12.4bln.
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