Global outlook better than was expected last year says Bank of Italy
Baku, January 21, AZERTAC
Bank of Italy Governor Fabio Panetta said Wednesday that the global economic situation "is clearly better than we expected last year", according to ANSA.
Speaking at a meeting of the executive committee of Italian banking association ABI, Panetta said: "the global economy held up - we didn't see slowdowns or recessions around the world.
"I think the forecasts for the United States when we met in Washington were for growth of around 1.5%," he added.
"I think the year will end with at least 2.2% to 2.5%, so the United States has done much better".
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