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20 January 202016.22 The Italian economy accelerates this year, with an expected GDP growth of 0.5% (it was + 0.2% in 2019). The IMF estimates it, however limiting the forecasts for 2021 GDP to + 0.7%. Italy needs "major structural reforms to increase growth potential" and "should reduce debt", says IMF chief economist, Gopinath. Growth is "very modest", said Deputy Chief Filesi Ferretti: greater productivity is needed. World growth estimates cut (+ 3.3% in 2020) confirming downside risks