Arab Today, arab today italy\s recession worsened at end 2012
Last Updated : GMT 14:58:23
Arab Today, arab today
Arab Today, arab today

Italy\'s recession worsened at end 2012

Arab Today, arab today

Arab Today, arab today Italy\'s recession worsened at end 2012

Milan - AFP

Italy\'s economy shrank by 0.9 percent in the fourth quarter of 2012 from the previous one, official data showed Monday, confirming a previous estimate that showed the recession in the eurozone\'s third largest economy deepening. Compared with the fourth quarter of 2011, gross domestic product (GDP) shrank by 2.8 percent, the Istat data agency said. Its earlier estimate had put the year-on-year contraction at 2.7 percent. Italy\'s economy shrank by 0.9 percent in the first quarter, 0.7 percent in the second quarter, and 0.2 percent in the third quarter, Istat said. The fourth quarter decline was the sixth consecutive month of contraction, making this Italy\'s longest recession in two decades. Experts say a recovery might not begin until the second quarter of 2013, although some warn that this may be delayed by political instability after an election that left no clear winner. Fitch on Friday downgraded Italy\'s credit rating due to the political situation and the recession. Fitch is forecasting a 1.8 percent contraction overall in 2013.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italy\s recession worsened at end 2012 Arab Today, arab today italy\s recession worsened at end 2012

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italy\s recession worsened at end 2012 Arab Today, arab today italy\s recession worsened at end 2012

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday