Italy has marked a second full year of recession after gross domestic product (GDP) for the second quarter declined by 2.1 per cent compared to a year earlier, according to data from the country's National Institute of Statistics (Istat).
This was worse than the initial prediction of a 2% year-on-year contraction.
On a quarterly basis, the Italian economy shrunk by 0.3% compared to a 0.6% contraction in the first quarter and the earlier -0.2% estimate.
While the country's negative growth eased compared to the first quarter, the data highlighted the fact that the Eurozone is not in a broad-based recovery even though the region as a whole emerged from recession after 18 months of economic contraction.
Source: LiveCharts
This was worse than the initial prediction of a 2% year-on-year contraction.
On a quarterly basis, the Italian economy shrunk by 0.3% compared to a 0.6% contraction in the first quarter and the earlier -0.2% estimate.
While the country's negative growth eased compared to the first quarter, the data highlighted the fact that the Eurozone is not in a broad-based recovery even though the region as a whole emerged from recession after 18 months of economic contraction.
Source: LiveCharts
