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Italian 2018 GDP figure cut to 0.9%

Friday 1 March 2019 | 15:16 CET | News
Italy's gross domestic product increased by 0.9 percent in real terms in 2018 following a rise of 1.7 percent in 2017, according to final data from statistics agency Istat that cut its provisional of 1.0 percent growth. The government had likewise estimated in December that the 2018 GDP rate would be 1.0 percent due to slowing growth and a downturn in global trade. Italy plunged back into a technical recession in the final quarter of 2018 when GDP fell 0.2 percent.

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