Italy's ISTAT cuts 2018 GDP forecast to 1.1 percent, sees 2019 at 1.3 percent with budget boost

ROME, (Reuters) - The Italian economy will grow by 1.1 percent this year and by 1.3 percent in 2019, national statistics bureau ISTAT said on Wednesday, cutting its outlook for 2018 from a 1.4 percent projection made in May.The new forecasts are less upbeat than those of the new government of the anti-establishment 5-Star Movement and the right-wing League, which last month projected growth of 1.2 percent this year and 1.5 percent in 2019.However, ISTAT said the government's expansionary..