Arab Today, arab today italian economy shrinks 08 in q1
Last Updated : GMT 21:25:08
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Italian economy shrinks 0.8% in Q1

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Arab Today, arab today Italian economy shrinks 0.8% in Q1

Milan - AFP

Italy\'s economy shrank by 0.8 percent in the first quarter, the official data agency Istat said on Monday confirming an earlier estimate that showed the country\'s recession deepening. Istat also revised down to 1.4 percent the contraction on a 12-month comparison compared to an earlier estimate of 1.3 percent. Italy\'s economy has been shrinking since the third quarter of 2011.

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