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The Bank of Italy downgraded its economic growth forecasts on Monday. Italy's economy is expected to expand 1.1% this year, down from the previous forecast of a 1.5% growth, 1.2% in 2017, down from the previous estimate of 1.4%, and 1.2% in 2018.
Inflation is expected to be flat this year, 0.9% in 2017 and 1.5% in 2018.
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