Italian economy contracts by 0.2%

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Italian domestic product was lower by 0.2% comparing with the second quarter, when it shrunk by 0.7%, as the National Statistics Institute Istat announced on Thursday. The economy contracted less than economists estimation, which median was 0.5% according to a Bloomberg survey. However, that was the fifth quarter as economy shrunk and Italy entered the second year of recession.
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