Thu, 15 May 2014 10:25:03 GMT
Italian economy posts decline in first quarter
Italian GDP dropped unexpectedly in the January-March quarter of this year, the flash estimate data showed on Thursday. Economy plummeted 0.1% quarter-on-quarter after a 0.1% increase in October-December. Investors, however, waited for a slight 0.2% economic advance. On the annual basis, economy decreased 0.5%, slowing from a 0.9% plunge a quarter before.