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Italian Q1 GDP revised down to -5.3%

Friday 29 May 2020 | 13:59 CET | News
Italy's gross domestic product plunged 5.3 percent in the first three months of 2020 compared to the quarter, according to final data released by state statistics agency Istat that sharply revised down the preliminary reading. The record contraction was due to plummeting domestic demand and a decline in imports and exports following the nationwide lockdown imposed to halt the spread of Covid-19.

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