Economics

Italy’s First-Quarter Slump Was Deeper Than Estimated at 5.3%

Trevi Fountain in Rome, on May 19.
Photographer: Alessia Pierdomenico/Bloomberg

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By Fergal O'Brien and Alessandra Migliaccio

May 29, 2020 at 8:00 AM UTC

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Italy’s economy shrank more than initially estimated in the first quarter, reflecting coronavirus restrictions that started to be implemented earlier than in many other countries.