Italian economy contracts for first time in two years

NAMPA / DPA
2025-07-30
Rome (dpa) - Italy's economy shrank for the first time in two years in the second quarter, preliminary estimate from the statistical office ISTAT showed Wednesday. Gross domestic product (GDP) dropped unexpectedly by 0.1% sequentially, in contrast to the 0.3% expansion seen in the first quarter, it said. This was the first fall since the second quarter 2023 and confounded expectations for an increase of 0.1%. From the demand side, there was a pos......
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