Italy's national debt has reached almost 133% of GDP-‘a level that limits the fiscal space to respond to shocks,’ the IMF said. The euro zone's third-largest economy is now seen growing at ‘just under 1% in 2016 and at about 1% in 2017,’ the IMF said. Its previous projections, at the end of May, were for growth of 1.1% this year and 1.25% in 2017. Moreover, the Fund notes that there are a lot of risks for the reduction of this growth - the volatility of the financial market, the influx of refugees and the effects of a slowdown in global growth.





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