EU expected to slash Italy’s growth estimate


Slower growth: Women check clothes in a street market in Rome. The ruling coalition expects 1 growth this year, while the country’s central bank and the IMF in separate reports have estimated 0.6 for 2019. — Reuters

ROME: The European Commission is expected to slash the Italian economic growth estimate for this year when it releases new forecasts later Thursday, major newspapers including Il Messaggero and la Repubblica reported.

The forecasts will follow separate IMF criticism the day before that the Italian government is falling short on needed reforms.

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