12 October 2001, 14:41 Italy's Fazio sees 2001 GDP growth near 2 pct
ROME (AFX) - Bank of Italy governor Antonio Fazio said it is
possible that GDP growth to be nearly 2 pct this year.
The government forecast GDP growth at 2 pct this year.
Speaking in the senate, Fazio said the government's measures to
stimulate the economy present in the 2002 draft budget will positively
impact demand in the short-term.
Fazio said pension, health and public administration reforms have
to be carried out by the end of next year, adding that public spending
has to fall annually by 1 percentage point in relation to GDP over the
coming years to enable tax cuts.
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