The Italian economy will grow by a modest 1.0 percent this year, the Organisation for Economic Cooperation and Development said on Wednesday, marginally raising its previous forecast of 0.9 percent made in November.
The latest OECD projection for the euro zone’s third largest but most sluggish economy is in line with those of Italy’s government, the European Commission and the Bank of Italy.
All these bodies forecast Italian growth of 0.9 percent or 1.0 percent, roughly the same rate as it posted in 2016 and below the expected growth of all its peers in the 19 nation currency bloc.
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