• IMF can cooperate with Trump to improve global trade: Lagarde


    International Monetary Fund Managing Director Christine Lagarde said she believes the IMF can work with the Trump administration to improve the global trading system, but cautioned against jeopardizing open trade as a growth engine. Lagarde told that the IMF saw the need to reduce subsidies and other trade distortions that limit competition, but also said "protectionist measures" needed to be avoided. REUTERS

  • Euro zone needs budget, bank union to fight populism: Moscovici


    The euro zone needs its own budget, a fully-fledged banking union and more democratic accountability in its decision-making to reverse the economic divergence that is fuelling populist movements, European Economic Commissioner Pierre Moscovici said. REUTERS

  • Italy GDP up 0.8% in 2017, 0.8% 2018


    Italy's GDP will rise by 0.8% this year and the same next, the IMF said Tuesday, raising their 207 estimate by 0.1%. Italian growth is "decidedly below its potential," it said. Italy's debt will be a better-than-expected 132.8% of GDP this year and will fall to 131.6% next year, below the government's forecast. Italy is lagging behind most of the rest of the EU in most macroeconomic parameters, the IMF said. ANSA

  • IMF cautions about imminent risks of Europe breakup


    The International Monetary Fund does not see imminent risks of a European Union breakup despite the presence of political movements hostile to the bloc, Chief Economist Maurice Obstfeld said. "It's certainly true that we see some politicians running in Europe on a platform hostile to the EU, but a breakup requires several steps that are less probable in our view" he said. RADIOCOR

  • Italy in the 'right direction' to balance budget - Juncker


    The Italian government's pledge to balance the country's budget deficit "goes in the right direction," said European Commission President Jean-Claude Juncker. "Italy is making great efforts to control its public deficit. In the medium and long-term, to save themselves and the monetary union, it is necessary that Italians decisively clean up their public finances," he added. Juncker ruled out that Italy could leave the eurozone. RADIOCOR

  • Inflation down to 1.4% in March


    Inflation fell to 1.4% in March after four straight monthly gains, ISTAT said Thursday, confirming its preliminary estimates. The consumer price index was steady on the month and 1.4% up on March 2016, the statistics office said. ANSA

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