Italy Cuts Growth Forecasts

The video discusses economic updates from France, Italy, and India. France plans €21 billion in spending cuts for 2015, with a projected deficit of 4.4% of GDP in 2014 and 4.3% in 2015. Italy has revised its growth forecast downward, with GDP expected to shrink by 0.3% this year. The Italian government has also delayed its balanced budget target. In India, the central bank governor warns that low interest rates in developed markets may distort asset prices without boosting economic activity, and expresses concern over India's reliance on interest rate changes.

What is the predicted GDP change for Italy this year compared to the previous forecast?

What concerns does the Indian governor have regarding the reliance on interest rates?