October 7, 2019 / 9:57 AM / 10 days ago

Italy economy minister says 2020 growth forecast 'balanced, even cautious'

FILE PHOTO: Roberto Gualtieri arrives at Quirinale Presidential Palace, before being sworn in as Italy's finance minister, in Rome, Italy September 5, 2019. REUTERS/Ciro de Luca

ROME (Reuters) - The Italian government’s official forecast for 0.6% economic growth in 2020 is “balanced and even cautious”, Economy Minister Roberto Gualtieri said on Monday.

Speaking at a conference of business lobby Confindustria, he said last week’s upward revision of first half growth figures by statistics agency ISTAT suggested that “both for 2019 and 2020 our forecasts aren’t very optimistic but are more grounded in reality.”

Reporting by Giuseppe Fonte; writing by James Mackenzie

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