Italy Contracts in Third Quarter as Recession Enters Third Year
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Italy’s recession, the country’s longest since World War II, entered its third year after gross domestic product fell in the three months through September.
GDP declined 0.1 percent from the second quarter, when it dropped 0.3 percent, national statistics institute Istat said in a preliminary report in Rome today. That matched the median forecast of 21 economists in a Bloomberg News survey. From a year earlier, the economy shrank 1.9 percent.