Economy Minister Giovanni Tria expects Italy's growth to pick up in the sec...
MILAN - Economy Minister Giovanni Tria expects Italy’s growth to pick up in the second half of 2019 as government measures to revive a virtually stagnant economy take effect.
Italian gross domestic product fell 0.1 percent in the third and fourth quarters of last year, putting the euro zone’s third largest economy into a technical recession of two straight quarters of declining GDP. Tria said on Sunday in an interview with state TV Rai that measures Rome is taking to support the economy would hopefully have a “positive although limited” impact on GDP growth rate, which the government last week cut to an estimated 0.2 percent for 2019.Growth will be lifted in the second half of the year by a stimulus package that includes tax breaks on investments, lower property taxes on factories and warehouses, and simplified procedures for public tenders, the government said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Companies still expect 'pretty solid' Asia growth despite ominous signals on global economyDespite fears of slowing growth globally, companies seem set for a relatively strong performance this year — especially in Asia, an expert told CNBC on Tuesday.
Read more »
IMF Cuts 2019 Global Growth Outlook as World Economy StumblesThe IMF has cut its global growth outlook for 2019 to 3.3%, from 3.5% in January, with data showing world economic growth off to a worse start than was apparent earlier in the year.
Read more »
Americans are becoming much less optimistic about the economy as growth slowsAmericans were much less optimistic about the outlook for the economy in early April, the latest sign of expectations for a sustained slowdown in growth.
Read more »
Chinese premier confident economy will meet annual growth targetChina is confident that it will meet its 2019 economic growth target of six perc...
Read more »
Chinese premier confident economy will meet annual growth targetChina is confident that it will meet its 2019 economic growth target of six perc...
Read more »
Saudi energy minister expects Aramco bond demand at 'north of' $30 billionSaudi Energy Minister Khalid al Falih expects robust demand for state oil giant Saudi Aramco's first-ever bond issuance, the deal for which is expected to close on Wednesday.
Read more »
British Prime Minister Theresa May to ask EU for Brexit delay; long extension expectedBritish Prime Minister Theresa May headed into an emergency European Union summit seeking a second Brexit extension — until June 30 — but indicated she could accept a longer extension, which many EU leaders have called for.
Read more »
18 'Italian' Foods That Actual Italians Never Eat18 American 'Italian' Foods They Definitely Don't Eat In Italy
Read more »
No further cut to Pemex credit rating expected: Mexico ministerMexican Finance Minister Carlos Urzua said on Saturday he does not expect rating...
Read more »