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Rabobank analysts note that the Italian economy has contracted again in the fourth quarter of 2018 as weakening domestic demand seems to be the culprit.

Key Quotes

“Forward-looking indicators and industry expectations signal no quick rebound from disappointing growth figures.”

“New budgetary issues are likely to raise concerns among market participants later this year.”

“Growth is forecasted to be flat in 2019 in light of weak demand, both domestic and abroad, and uncertain policy outcomes.”

“The probability of a coalition break-up is low, but looks set to increase after the European Parliament elections.”