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Italian Bonds, Euro Decline as Economic Growth Forecasts Are Cut

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Italian Bonds, Euro Decline as Economic Growth Forecasts Are CutItaly’s benchmark notes fell for a third day after the European Commission slashed its growth forecast for the nation’s economy to 0.2 percent from 1.2 percent. The latest indictment of the stagnating euro-area economy adds to growing fears of a global slowdown, with conviction growing in the markets that the European Central Bank may have missed its chance to get interest rates back into positive territory. It comes of the back of similar downgrades from the International Monetary Fund last month.