Italy’s economy shrinks unexpectedly ...News

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Italy’s economy shrinks unexpectedly
source : Russia Today ( News ) () 65
The second half of 2023 is projected to see a sharper production drop compared to other Eurozone majors Italy’s economy underperformed expectations in the second quarter of the year, according to data released by national statistics bureau ISTAT on Monday.    The country’s gross domestic product (GDP) dropped by 0.3% quarter-on-quarter, although it was up 0.6% compared to the same period a year ago.    The bleak data comes in contrast with Italian government forecasts of 1% growth for the entire 2023 and a modest expansion of the economy in the second quarter.    Meanwhile, economists polled by Reuters projected I

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