Tag: Italy

Following a year of stagnation, Italy’s economy still struggles, narrowly avoiding recession in the third quarter. The eurozone’s third-largest economy saw its gross domestic product (GDP) remain unchanged compared with the previous quarter, while expanding by 0.4% year over year, according to Trading Economics. In the three months leading up to September, Italy posted a 0.1% contraction from the second quarter, contradicting expectations of a 0.1% rebound.

Despite the darkening economic outlook, Italy is expecting positive economic news in the coming weeks, according to Italian Economy Minister Giancarlo Giorgetti, as data on public finances will be published in early March.