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Bank of Italy sticks to 0.7% 2023 GDP growth forecast despite expected weak Q4


ROME () – Itay can still achieve economic growth of 0.7% this year despite an expected weak fourth quarter, the country’s central bank said on Monday.

Italy’s economy stagnated in the third quarter compared with the previous three months, preliminary data from national statistics bureau ISTAT showed last month.

Addressing parliament on the government’s 2024 budget, the Bank of Italy said economic activity should remain weak in the fourth quarter according to the latest indicators.

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