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Italy plunges back into recession in Q4

Thursday 31 January 2019 | 11:52 CET | News
Italy's gross domestic product unexpectedly fell by 0.2 percent in the fourth quarter of 2018 compared to the previous three months, according to new data from state statistics agency Istat. The figure follows a 0.1 percent contraction in the July to September period, the first decline in 14 straight quarters , meaning Italy is now officially in a technical recession. Istat attributed the fall to a marked fall in agriculture, forestry and fishing as well as in industry, while services' activity stagnated.

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