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Italian GDP surprisingly contracts 0.3% in Q4

Friday 31 January 2020 | 11:56 CET | News
Italy's gross domestic product unexpectedly fell by 0.3 percent in the fourth quarter of 2019 compared to the previous three months, according to new data from state statistics agency Istat. The drop follows a 0.1 percent rise in the July to September period, and is the steepest quarterly decline since Q1 2013. Istat attributed the fall to weak domestic demand, above all in the industry and agriculture sectors, with the services sector remaining stagnant.

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