Bank of Italy lowers GDP growt

Market news

15 July 2016

Bank of Italy lowers GDP growt

GDP: below 1% from 1,1% previous estimate
Growth may have slowed slightly in the Spring months
Italian economy may grow around 1% next year (prior forecast was 1.2%)
Risks may increase if financial market tensions spread

US consumer sentiment unexpectedly worsened in July

U.S.: Reuters/Michigan Consumer Sentiment Index, July 89.5 (forecast 93.5)

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