Italy to post modest GDP growth in Q1, says central bank

April 17, 2015 1:14 PM

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ROME, April 17 (Reuters) - Italy probably posted modest economic growth in the first quarter of this year, the Bank of Italy said on Friday, reinforcing expectations that the country is emerging from three years of recession.

In its quarterly economic bulletin the central bank also said that the European Central Bank's bond buying programme known as quantitative easing should raise Italian inflation by more that 0.5 percentage points in both 2015 and 2016.

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