Italy's Economic Forecast Takes a Hit

In a surprising move, Italy's government is reportedly set to reduce its 2025 growth forecast by half, from an initial 1.2% down to a mere 0.6%. This adjustment, as revealed by a government source to AFP on Wednesday, is still awaiting official confirmation. However, it's anticipated that Prime Minister Giorgia Meloni's cabinet will give it the green light later today.

Meloni's Stand Against US Tariffs

Prime Minister Meloni, who has openly criticized the broad tariffs imposed by US President Donald Trump, is gearing up for a crucial meeting in Washington on April 17. The agenda? To directly address the tariff issue with Trump. Meanwhile, the Bank of Italy has also adjusted its growth expectations, setting a slightly more pessimistic 0.5% for 2025, alongside revisions for the following years.