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August 22, 2019 Moody's has cut growth forecasts for the Italian economy for both 2019 and 2020.For the current year, the projection is now a modest growth of 0.2% compared to + 0.4% expected in June while for 2020 an expansion is expected at a rate of 0.5%, three tenths less than the estimates of two months ago.
As for inflation, the estimate is 0.2% this year and + 1.4% for 2020, while unemployment should reach 10% this year and 9.8% next .
"The outlook for Italy remains particularly uncertain with an economy that continues to struggle - the rating agency report reads. Although most eurozone countries have experienced some slowdown since the middle of 2018 in ahead, that of Italy was the most pronounced, so we expect Italy's economy to grow by a modest 0.2% this year and then gain some speed in 2020 at 0.5%. The second quarter data confirm that the economy is stagnating and that investments are stalled. The almost continuous political instability and disagreements with the EU have given rise to a persistent uncertainty and to less favorable financial conditions ".