Italian politicians optimistic despite growth forecast cut

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euronews (in English)
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Italy has cut its forecasts for the economy.

The cabinet now sees GDP shrinking 1.7 percent this year.

Back in April it projected contraction of 1.3 percent.

Next year it is forecasting growth of 1.0 percent down from 1.3 percent previously.

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http://www.euronews.net/

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