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.
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