Italy Business Lobby Confindustria cuts Italy 2014 GDP growth forecast from 0.7% to 0.2%; health of domestic economy remains fragile
- Raises 2014 Italy deficit/GDP at 2.9% from 2.7% prior (**Compares to Govt forecast 2.6% and European Union ceiling of 3.0%) Comments:
- Urges PM Renzi to act quickly to turn around the economy