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EU's Moscovici gloomier than Italy on consumption, investments

Reuters  |  BRUSSELS 

(Reuters) - The for Economic Affairs said on Thursday the EU executive's economic forecast on Italy's growth were less optimistic than that of the

He told a conference that the difference was mostly caused by "more prudent" estimates on Italian consumption and investments and on higher debt-servicing costs than Italian forecasts.

In 2019, Italian GDP would rise 1.2 percent, the Commission said, instead of the 1.5 percent seen by and in 2020 it would rise 1.3 percent, rather than the 1.6 seen by

(Reporting by and Jan Strupczewski)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 08 2018. 16:31 IST