Wed, 06 Aug 2014 10:45:16 GMT
Italian GDP contracted in the second quarter
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%.