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Europe Live Saturday 25th May 2013

Italy in recession

20th February 2012

Acoording to data published 15th February by the Italian Statistics Institute, Isat, the Italian GDP contracted by 0.7% in the fourth quarter in comparison with the previous quarter and by 0.5% in comparison with the same quarter the previous year. Since the country has experienced the successive reduction of its GDP for the last two quarters, it is now officially in recession.

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