Indicators
Italian Economy Avoids Recession by Narrowest of Margins
- 3Q GDP was unchanged from previous three months; est. 0.1%
- Data form part of mixed picture for struggling euro zone
Pedestrians cross Piazza Venezia in downtown Rome, Italy.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Italy’s economy stagnated in the third quarter — just dodging a recession as Prime Minister Giorgia Meloni battles to keep output expanding while also limiting debt.
Gross domestic product was unchanged from the previous three months, data Tuesday showed. That follows a 0.4% contraction in the second quarter and is less than the 0.1% growth estimated by analysts in a Bloomberg poll.