ISTAT confirms Italy slipped into recession in 2018

Mar 5, 2019 12:35 pm

GDP figure for fourth quarter revised up, but still negative

ISTAT confirmed on Tuesday that Italy slipped into recession in the second half of 2018 even though it revised up it GDP figure for the fourth quarter to -0.1%.

The national statistics agency had put Italy’s GDP as having fallen by 0.2% in the October-December period in the preliminary estimate it gave late in January.

Nevertheless, this still made for a second consecutive quarter of negative growth after the drop of 0.1% registered in the third quarter, meaning the economy technically went into recession.

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