Mercoledì, 17 Ottobre 2018

European Commission says signs of easing recession expected


Brussels, August 6 - A European Commission
spokesperson on Tuesday commented that easing contraction of the
Italian economy in the second quarter was both expected and
consistent with signs that recession may be easing across
Europe, and that Italy must continue with economic reforms the
EC recommended in May.
In response to the Italian statistical agency Istat's
Tuesday report that Italy's gross domestic product (GDP) fell
just 0.2% in the second quarter compared to the first - but
still marked the eighth consecutive quarterly contraction - the
EC spokesperson said the data ''are not a surprise; they are in
line with Brussel's latest spring forecasts''.
''Italy still needs to find a path toward growth, and to do
so it must keep step with economic reforms,'' the spokesperson
''It is worth noting that there are positive signs in
recent data that appear to confirm that European economies,
Italy included, are slowly emerging from recession,'' the
spokesperson said.

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