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Italian 2019 GDP estimate slashed to 0.3%

Wednesday 22 May 2019 | 13:51 CET | News
Italy's gross domestic product is set to increase by just 0.3 percent in real terms this year, according to a new forecast from statistics agency Istat. The figure is a full percentage point lower than the 1.3 percent prediction made in November and is due to the "less favourable international framework," said the agency. Istat also predicted that the country's rate of unemployment would "slightly increase" to 10.8 percent in the current year.

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