Monday September 28, 2020

Italian economy back in recession as GDP shrinks in Q2

Italian gross domestic product unexpectedly dropped in the second quarter, showing the economy is in recession.

6th August, 2014
Youth unemployment in Italy is over 40%

Italian gross domestic product unexpectedly dropped in the second quarter, showing the economy is in recession.

Gross domestic product fell 0.2 per cent from the previous three months, when it declined 0.1 per cent, the national statistics institute Istat said in a preliminary report in Rome today. That compares with the median forecast of a 0.1 per cent expansion in a Bloomberg survey of 22 economists. From a year earlier, output shrank 0.3 per cent.

With Italian youth unemployment above...

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