Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Apr 02, 2019

Italy’s Recession Set to Extend to Early Months of 2019

(Bloomberg) --

Italy's recession probably extended into the first quarter of 2019 and there are fresh signs that the euro region's third-biggest economy may struggle to emerge from its slump in coming months. A Bank of Italy indicator of economic activity fell in March to the weakest level since July 2013. The OECD predicted last month that the economy will shrink 0.2 percent this year, which would mark its first full-year contraction since 2013.

--With assistance from Giovanni Salzano.

To contact the reporter on this story: Lorenzo Totaro in Rome at ltotaro@bloomberg.net

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Zoe Schneeweiss

©2019 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search