Italy Confirms 0.8% GDP Contraction In Q1
2012-06-11 11:21:58
The Italian economy contracted 0.8 percent quarter-on-quarter in the first quarter of 2012, final data from the statistical office Istat confirmed Monday.
The latest contraction in the gross domestic product signaled deepening recession in the economy.
The annual rate of contraction in GDP was, meanwhile, revised to 1.4 percent from the previously reported 1.3 percent decline.