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Italian Economy Unexpectedly Grows in Boost to New PM Meloni

  • Third-quarter GDP increased by 0.5%; analysts saw 0%
  • Expansion could help fund continued aid to ease energy crisis
A tourist souvenir shop in front of Duomo Cathedral in Milan.

A tourist souvenir shop in front of Duomo Cathedral in Milan.

Photographer: Alessia Pierdomenico/Bloomberg

Italy’s economy unexpectedly expanded, defying expectations of energy-driven stagnation in a boost to new Prime Minister Giorgia Meloni.

Third-quarter output advanced 0.5% from the previous three months, the national statistics institute said Monday. That’s more than any analyst polled by Bloomberg had estimated.