I'm a financial adviser with Thompson Creek Wealth as well as a tax and business attorney with The Law Office of Hale Stewart.
Durable Goods Unchanged
1-Year Chart of the XLI
Italy has downgraded its economic forecasts, presenting the country with a worse fiscal outlook than expected and limiting prime minister Matteo Renzi’s chances of proposing a big economic stimulus before the December referendum that will determine his fate.
The Italian cabinet approved the new projections overnight, slashing its estimate for gross domestic product growth this year to 0.8 per cent from a pace of 1.2 per cent predicted in April. Next year, Rome is expecting growth of 1 per cent, compared with a previous estimate of 1.4 per cent.
1-Year Chart of the EWI