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.
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