Italy: Two-year recession ends in Q3

In the third quarter, GDP was unchanged on a seasonally and working-day adjusted basis over the previous quarter, which was slightly above the 0.1% decrease reported in the preliminary estimate released by the National Statistics Office (ISTAT) on 14 November. The result marked an improvement over the 0.3% drop seen in the second quarter. The flat reading ends a streak of eight consecutive contractions in GDP—the longest recession in the country’s history. On an annual basis, the economy contracted 1.8%, which was up from the 2.2% fall recorded in Q2.

Read more about Italian GDP.

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