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Italian GDP fell record 12.8% in Q2

Monday 31 August 2020 | 15:17 CET | News
Italy's gross domestic plummeted by a record 12.8 percent in the second quarter of 2020 compared to the previous three months, according to final data from state statistics agency Istat that revised down the initial estimate. The severe contraction was prompted by plunging consumer spending during the Covid-19 health emergency and lockdown, said Istat, adding that the figure was the lowest registered in the country since the first quarter of 1995.

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