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Italian Economy Set to Contract at the Worst Possible Time

Statistics office Istat cites risk of new GDP decline...
...just as Premier Conte responds to EU on Italy’s debt

Tourists take photographs in front of the Trevi fountain in Rome, Italy. — Photographer: Alessia Pierdomenico/Bloomberg

By

Lorenzo Totaro and

Chiara Albanese

June 20, 2019, 11:30 AM UTCUpdated onJune 20, 2019, 4:55 PM UTC

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Italy’s populist government’s bid to avoid a European Union disciplinary action looks more daunting than ever, as a new report shows the country’s economic woes are likely to continue.