Italian GDP contracted in the second quarter

Source: WBP Online
© Scanpix/Reuters
The third biggest economy in the Euro zone, Italy, is still in recession. Data regarding the preliminary gross domestic product showed that Italy's GDP diminished by 0.2% on the second quarter. Analysts had forecast that it would recover from the previous quarter's 0.1% downfall and expected it to rise by 0.1%. During the previous year the Italian economy contracted 1.9%.
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