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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

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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.