Giovedì, 20 Settembre 2018

Italy posted negative growth of 0.3% in second quarter


Rome, September 10 - Recession-hit Italy posted
negative growth of 0.3% in the second quarter, compared to the
first three months of this year, Istat said Tuesday.
The national statistics agency made the announcement after
revising down last month's preliminary estimate of -0.3% for
gross domestic product (GDP) in the second quarter.
The April-June period was Italy's eighth consecutive
quarter of negative growth as the country endures its longest
recession in over two decades.
Istat said Italy's GDP was 2.1% down in the second quarter
compared with the same period in 2012. Its preliminary estimate
for the year-on-year fall in GDP was 2%.
The agency added that Italy's growth figures for the second
quarter were the worst in the eurozone and also below the levels
of the United States and Japan.

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