Thu Oct 16, 2008
By Robin Pomeroy
ROME (Reuters) - The Italian economy is in recession and won't grow this year or next, according to a Reuters poll released on Thursday, as global financial turmoil led economists to rethink their forecasts for a mild recovery in 2009.
The mid-range forecast in a quarterly survey sees gross domestic product (GDP) growth falling from 1.5 percent in 2007 to zero for two years. That compares with previous forecasts made three months ago for 0.4 percent growth for 2008 and 0.6 percent in 2009. http://www.reuters.com/article/reutersEdge/idUSTRE49F7N920081016?sp=true