ROME, April 17 (Xinhua) -- Uncertainty sparked by dramatic changes in the United States' tariff regime will have an oversized impact on the Italian economy, with two reports released Thursday predicting reduced economic growth and the loss of tens of thousands of jobs.
In a hearing on the government's budget plan Thursday, ISTAT, Italy's National Statistics Institute, predicted the current situation would likely reduce the country's economic growth by 0.2 percent this year and 0.3 percent in 2026, significant levels considering ISTAT's economic growth prognostications are for just 0.6 percent and 0.8 percent this year and next, respectively.
