Italy falls into recession as eurozone economy struggles - business live
Rolling coverage of the latest economic and financial news, as Italy stumbles back into recession
- Latest: Italy is in recession again
- Italian economy shrank by 0.2% last quarter
- Eurozone only grew by 0.2%
- Introduction: UK house price growth has fizzled out
- Brexit uncertainty is weighing market down
One of the leaders of Italy’s coalition partners has blamed his predecessors, and European austerity, for the country’s economic mess.
“I believe this referendum will have a positive outcome for those who are against austerity.”
If you’re just tuning in, here’s Associated Press’s take on Italy’s fall back into recession.
The Italian economy slipped into recession in the final three months of the year, weighing on the wider eurozone’s growth, official figures showed Thursday.
The Italian statistics agency said that Italy, the third-largest economy in the 19-country eurozone, contracted by a quarterly rate of 0.2% in the fourth quarter.Continue reading...