Italy to cut GDP target this year and next

  • The outlook worsens
  • GDP forecast to +0.8% from 1.4%, according to Reuters citing sources familiar
  • 2024 to be lowered to 1.0% from 1.5%

There was a brief moment this year when Italian GDP was defying forecasts but it looks like that chapter has closed. If there's any good news is that the government hopes that a boost in spending in next year's budget will help.

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