The International Monetary Fund has cut its growth estimates for Italy for this year but slightly raised those for 2014. From what emerges from the update by the American institute, a contraction of 1,8% is expected for the Italian economy. 2013% in 1,5, worse than the -2014% estimated last quarter. For 0,2, however, the Fund improved its estimates by 0,7%, bringing the expected expansion to +XNUMX%.
Even the Eurozone will remain in recession in 2013. Indeed, by the end of the year, the IMF forecasts a contraction of the economy of 0,6%, worse than the -0,4% originally estimated. For 2014, on the other hand, an expansion of the Eurozone economy of 0,9% is expected. Among the reasons that led the institute led by Christine Lagarde to revise forecasts downwards, there are "the persistent effects" of declining demand and low levels of confidence.
The Fund has cut its growth estimates not only at a European level but also at a global level.
The IMF's decision on Wall Street, which opens positively, does not weigh for the moment. A few minutes after the opening, the Dow Jones rose by 0,52%, the S&P 500 by 0,54% and the Nasdaq by 0,27%.
