Italian GDP Falls Less Than Expected in Q2
In the second quarter of 2013, Italian GDP shrank 0.2 percent quarter-on-quarter following a 0.6 percent contraction in the first quarter, indicating that the country's economy may have reached the trough.
The quarterly drop was the smallest since the fourth quarter of 2011.
The acquired growth at the end of the second quarter was registered at -1.7 percent. This means that if GDP posts a flat quarterly reading in the two remaining periods of the year, 2013's GDP will be down 1.7 percent from the previous year.
On a year over year basis, the economy contracted 2 percent.
8/6/2013 12:38:04 PM