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Italian Economy Expands, Boosting Optimism on Recovery

  • GDP may expand 1.5% this year if current pace confirmed: Istat
  • Second-quarter growth of 0.4% matches survey estimates
Updated on

Italy’s economic recovery extended for a tenth straight quarter, boosting optimism that growth can become sustainable this year amid a rise in industrial production.

Gross domestic product expanded 0.4 percent in the three months through June, the same as in the first quarter, Rome-based statistics agency Istat said in a preliminary report on Wednesday. That matched the median of 26 analysts’ estimates in a Bloomberg survey.