Bank of Italy Predicts Modest Economic Growth of Just 0.5% for 2024
10 days ago
In a recent report released by the Bank of Italy, the central bank offered a cautiously optimistic outlook for the nation's economic performance in 2024. The forecast indicates a subdued growth rate of approximately 0.5% for the current year, suggesting that the Italian economy is still grappling with various challenges that hinder a more robust recovery.
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Monte dei Paschi Surpasses Profit Expectations Thanks to Increased Fees
2 months ago
The iconic Italian bank, Monte dei Paschi di Siena, has reported stronger-than-expected profits for the third quarter of 2024, primarily driven by a notable rise in fee income. This news comes as a welcome relief for the institution, which has been navigating through a challenging financial landscape in recent years.
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