July 31, 2019 / 3:53 PM / 4 months ago

Italy's Tria says 0.2% growth target for 2019 still possible

FILE PHOTO: Italy's Economy and Finance Minister Giovanni Tria speaks to reporters during the G20 Finance Ministers and Central Bank Governors Meeting in Fukuoka, Japan June 9, 2019. Franck Robichon//File Photo

ROME (Reuters) - Italy’s Economy Minister Giovanni Tria said on Wednesday the government target of a 0.2% growth for 2019 is still achievable despite a stagnation of the domestic economy in the second quarter of the year.

According to Italian statistics bureau ISTAT, Italy’s economy was unchanged in the period between April to June, after marginal growth in the first three months of the year, both on a quarter-on-quarter and a year-on-year basis.

The coalition government of anti-establishment 5-Star Movement and right-wing League forecasts a full-year Italian growth of 0.2% in 2019, down from 0.9% in 2018.

Reporting by Giuseppe Fonte

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