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Italy's Economy Fails to Rebound

Italy's Prime Minister Matteo Renzi

Italy's Prime Minister Matteo Renzi

Updated on

Italy’s economy stagnated in the three months through December, failing to rebound from its longest recession on record.

Gross domestic product was unchanged from the previous quarter when it dropped 0.1 percent, national statistics institute Istat said in a preliminary report in Rome Friday. The median forecast in a Bloomberg News survey of 19 economists called for a drop of 0.1 percent. From a year earlier, GDP fell 0.3 percent.