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Macro-economic background and economic outlook In 1995 the rate of growth in GDP has jumped to 3% compared with 2.2% in 1994. A deceleration, evident since the last quarter of 1995, has begun later than in the other main European countries and growth is expected to remain subdued. The slowdown of economic activity is due to the slackening of import demand of Italy’s main trading partners. On the whole in 1996, GDP growth is projected to be 1.8%. |
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