Fresh statistical data from Rome have revealed that Italy has not yet been able to turn the corner on recession. Gross domestic product contracted further, but industrial output provided a sign of hope. The Italian economy contracted by another 0.2 percent in the second quarter of 2013, the national data agency, Istat, reported on Tuesday. That's less than analysts had expected, adding to hopes that the eurozone's third-largest economy might soon gain momentum despite a renewed fall in gross domestic product. The latest shrinkage followed a 0.6-percent GDP decrease in the first the months of the year, the agency said. In a year-on-year comparison, the economy shrank by 2.1 percent in June. Labor Minister Enrico Giovanni insisted there were signs of a pickup later in the year to end the longest period of recession in the country since World War Two.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor