Italy's Fazio sees 2005 growth less than 2%

Bank of Italy governor Antonio Fazio told a conference he expects GDP in the third quarter to have risen 0.3 pct from the previous quarter, and forecast Italian growth of less than 2 pct for the whole of 2005.

Fazio said the third quarter GDP rise - which is due to be released next week - should be "not far" from the 0.3 pct rise seen in the second quarter.

On GDP growth for this year as a whole, he said he sees this at 1.2 pct, "sharply below the European average".

Speaking at a conference, Fazio

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