Economics
Italy’s Woes See Economy Fail to Record Any Growth Yet Again
- GDP stagnates after 0.1% increase in first three months
- Government in Rome recently avoided EU disciplinary action
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Italy’s economic woes were highlighted once again as new figures showed the nation failed to record any growth for a fourth time in five quarters.
The economy stagnated in the three months through June, slowing from growth of just 0.1% in the first quarter, the country’s statistics office in Rome said Wednesday. The estimate was better than the 0.1% contraction forecast by economists, but still leaves the economy as the euro area’s weakest performer.