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- Bank of Italy upgrades its economic growth forecast for 2015
Bank of Italy upgrades its economic growth forecast for 2015
The Bank of Italy upgraded its economic growth forecast for 2015 on Friday. Italy's economy is expected to expand 0.7% this year, up from the previous forecast of a 0.5% growth.
The upward revision was driven by low oil prices, a weaker euro and "a more positive evolution of the external context, in large part attributable to the effects of monetary policy".
Growth forecast for 2016 remained unchanged at 1.5%.
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