Italy's economy is set to slow faster-than-expected this year, but may the pace of growth may improve slightly in 2019, supported by the expansionary fiscal policies, the statistical office ISTAT said Wednesday.The agency cut this year's growth forecast to 1.1 percent from 1.4 percent projected in May. In 2017, the Italian economy grew 1.6 percent. Growth is forecast to rise to 1.3 percent next ye...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.