Italy has cut its forecasts for the economy.<br /><br />The cabinet now sees GDP shrinking 1.7 percent this year.<br /><br />Back in April it projected contraction of 1.3 percent. <br /><br />Next year it is forecasting growth of 1.0 percent down from 1.3 percent previously.<br /><br />...<br />http://www.euronews.net/
