Confindustria slashes 2024 growth forecast to 0.5%

(ANSA) - ROME, OCT 28 - Confindustria's research centre said Saturday that it has slashed its forecast for Italian growth in 2024 to 0.5%, down from the 1. 2% it estimated in March.
    It said it sees Italy's GDP rising 0.7% this year.
    "The Italian economy is once again sliding towards the modest growth rates that had characterised it in previous decades" it said.
    The industry association said it forecasts a big drop in investment levels, but sees household consumer spending holding up. (ANSA).