Widespread economic slowdown across Europe with Italy heading to ‘zero growth’ – economy minister

Eurozone’s third-largest economy, Italy, can’t afford fiscal expansion at a time when its economic growth is heading to zero, Economy Minister Giovanni Tria said. He ruled out any possible changes to the government’s budget. Italy’s central bank and the International Monetary Fund both estimated the country’s economy would expand by 0.6 percent this year. The European Commission’s forecast was more pessimistic, at just 0.2 percent. It said Italy was facing excessive economic imbalances and the policies of its government were making matters worse, posing a threat to Eurozone partners. “We face a widespread slowdown in growth across Europe, ...Read more

Croissance Économique Pronostic Economie Croissance Menace Ministre Gouvernement Produit Budget Pays Banque Conférence Italie Déficit France Chine Pessimiste Mai Cette Année Pire Commission européenne Fonds Monétaire International Europe

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