Italy Economy Slows, Making Return to Sustainable Growth Harder
- GDP rose 0.2 percent in the third quarter, missing estimates
- Lackluster growth in line with other euro area economies
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Italy’s economy expanded at a slower pace than forecast in the third quarter, signaling difficulties in returning to sustainable growth.
Gross domestic product expanded 0.2 percent in the three months through September, Rome-based statistics agency Istat said in a preliminary report on Friday. That was below the 0.3 percent estimate of 20 analysts in a Bloomberg survey. GDP rose 0.9. percent from a year earlier, the report said.