Economics
Italian Economic Growth Slows to Weakest in Almost Two Years
- Populist government will work out budget in September
- Euro-area growth slowed to 0.3%, inflation picked up
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Italy’s economic growth slowed to the weakest pace in almost two years, possibly spelling trouble for the populist government’s costly projects.
Gross domestic product expanded 0.2 percent in the three months through June, down from 0.3 percent in the first quarter, statistics agency Istat said Tuesday in a preliminary report in Rome. The latest figure matched the median estimate of 26 analysts in a Bloomberg survey.