Italian Economy Records 0.1% Contraction in Firstquarter


(MENAFN- Qatar News Agency) Me may 16 (qna) - the italian statistics institute in rome said thursday that italy’s gross domestic product (gdp) fell unexpectedly last month official data showed on thursday.

in a report it said that italian gdp fell to -0.1 percent from 0.1 percent expansion in the preceding month. analysts had expected italian gdp to rise 0.2 percent.



on annual basis gdp contracted 0.5 percent in the year ending first quarter after recording 0.9 percent contraction a year ago missing analysts’ median expectations of 0.1 percent contraction. (qna)


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.