Italy lowers growth outlook amid rising energy prices
Italy is cutting growth forecasts due to high energy costs. Minister Giancarlo Giorgetti said the government will maintain caution to meet EU deficit targets.
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The government of Italy is preparing to revise its economic growth projections downward as rising energy costs, influenced by volatility in the Middle East, begin to weigh on the national outlook. Economy Minister Giancarlo Giorgetti informed parliament on Thursday that while the adjustments reflect external pressures, the underlying structure of the economy remains stable and does not indicate a structural deterioration.
