Italy’s economic system contracted once more on the finish of the 12 months, reflecting the extent of the financial fallout from the coronavirus pandemic.
The eurozone’s third-biggest economic system declined 2.0% on quarter throughout the fourth quarter, following revised 16.0% development within the third quarter, the Italian statistics company Istat stated Tuesday in a primary estimate for the interval. Economists polled by The Wall Road Journal had forecast a 2.2% contraction.
The Italian economic system shrank 6.6% on 12 months within the fourth quarter, Istat stated. This was lower than the 6.8% contraction forecast by economists polled by The Wall Road Journal.
Supply: Dow Jones