Italy to cut GDP target this year and next

<ul><li>GDP forecast to +0.8% from 1.4%, according to Reuters citing sources familiar</li><li>2024 to be lowered to 1.0% from 1.5%</li></ul><p>There was a brief moment this year when Italian GDP was defying forecasts but it looks like that chapter has closed. If there's any good news is that the government hopes that a boost in spending in next year's budget will help.</p>

This article was written by Adam Button at www.forexlive.com.