Italian economy begins recovery with 0.1 percent growth

Italian economy begins recovery with 0.1 percent growth

 

[caption id="attachment_12328" align="alignnone" width="400"] (People walk in a street on 20 Thursday December 2012 The Roman in Milan, Italy (AFP/File, Tiziana Fabi))[/caption]

 

(AFP)

 

Rome — Italy's economy began a recovery in the fourth quarter of 2013 with 0.1-percent growth -- the first positive result following a two-year recession, official data from the Istat agency showed on Friday.

 

The preliminary data also showed that gross domestic product (GDP) contracted by 1.9 percent in 2013.

 

The economy showed zero growth in the third quarter, meaning the recession formally ended then.

 

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(Agence France-Presse, 14 Friday February 2014 The Roman)