18/07/2014 (Agence Europe) - Italy reduces its growth forecasts. On Friday 18 July, Banca d'Italia revised down its economic forecasts from 0.7% growth in GDP in 2014 to 0.2% with downside risks. On Thursday, Italian Finance Minister Pier Carlo Padoan told the Italian parliament: “The most recent macroeconomic data, if confirmed, indicate a delay in the mechanisms for a return to sustained economic growth in Europe and elsewhere. That is true for our country as well”. “The margins for...