• Fitch confirms Italy's rating and hopes a stable government
  • GDP, Fitch still cuts Italy's growth estimates: only 0.1% in 2019
  • The Fitch agency cuts the growth forecasts for the Euro zone: Italy from 1.1% to 0.3% in 2019

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01 October 2019 The global economy outlook has "significantly deteriorated" due to the escalation of trade tensions between the United States and China. This is what we read in the Global Economic Outlook (Geo) of Fitch Ratings, which has lowered the global growth estimates for this year and next and is now awaiting the slowest expansion since 2012, when the Eurozone crisis was at its peak. 'apex. Fitch therefore cut its estimates on world GDP by 0.2% compared to the June Geo and now expects growth of 2.6% in 2019 and 2.5% in 2020, against the + 3.2% recorded in the Last year.

As for Italy, the rating agency in the light of the "continued stagnation of the economy, with only one quarter of growth in the last five", now expects zero growth for Italy this year, of 0.4% in 2020 and 0.6% in 2021, after the + 0.9% recorded in 2018. Fitch also believes that in Italy "zero growth in the second quarter was below + 0.1% estimated in June" and that "quarterly growth will remain between 0 and 0.1% for the foreseeable future".