Report
An unnamed source cited by Reuters said Italy is likely to slash its 2019 GDP forecast to +0.3% or +0.4% from the current estimate of 1.0%. The consensus is currently just +0.1%.
With the cut, the deficit-to-GDP target will rise to around 2.3% from 2.0%.
Italian real total GDP remains about 4.6% below 2008 levels and is up just 5.6% in nominal terms.
