Hold on to your hats
Sees 2016 GDP at 1.1% vs 1.0% prior
Sees 2017/18 at 1.25%
- Recovery likely to remain modest in coming years
- Says Italy needs to adopt firm level negotiations on wages
- Italy still faces significant challenges
- Growth may be too weak to firmly unwind financial fragilities
- Downside risks include Brexit
There not much left in the world to lay at the Brexit door.
