Reuters exclusively reports Italy cuts 2019, 2020 GDP growth forecasts

Reuters exclusively reported that Italy’s new government expects the economy to expand by only about 0.4% next year after eking out 0.1% growth this year, underscoring the need for an expansionary 2020 budget. In April, the previous government of the anti-establishment 5-Star Movement and the right-wing League had targeted gross domestic product growth of 0.2% this year and 0.8% in 2020.