Bankitalia revises growth estimates downwards, + 1.3% this year and + 1% in 2019



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Bankitalia is downgrading estimates of our economy's growth: this year, GDP will grow by 1.3%, while in 2019 it will be 1%. In 2020, growth is estimated at 1.2%. Previously, Bankitalia projected a GDP for 2018 of + 1.4% and + 1.2% in 2019. In the Economic Bulletin, the experts of Via Nazionale maintain however that "the growth will continue over the next three years," even if pace slower than expected. The revised estimates, according to the Bulletin, "is mainly affected by rising oil prices and, for the current year, by the weaker performance of activity in the second quarter, as suggested by the main economic indicators, consumption is forecast to increase by an average of 1.3 per cent this year and 1.5 per cent over the 2019-2020 period, mainly due to higher crude oil prices. : last winter, they were back to increase (+ 0.4%) after a long period of stagnation in 2017 but in the second quarter they slowed down

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