Italy's economy braces itself for zero growth

Matteo Renzi, Italy's Prime Minister, stated that Italy's growth for this year might be around zero percent. This prediction is not in accordance with the speculation of the government, which foresaw 0.8% expansion, and now Italy faces its third crisis in 10 years time. Renzi sees the outlook as uncertain, keeping in mind that the economy has shrunk in the last two quarters, and the GDP decreased by 0.2% in the last quarter.