Italy’s GDP slumps unprecedented 12.4% in second quarter, but better than analysts had feared

The quarterly slump in gross domestic product (GDP) in the euro zone’s third largest economy was “unprecedented”, national statistics bureau ISTAT said. On a year-on-year basis, second quarter GDP tumbled 17.3%, ISTAT said. Analysts polled by Reuters had predicted a 15.0% contraction...

https://www.hellenicshippingnews.com/italys-gdp-slumps-unprecedented-12-4-in-second-quarter-but-better-than-analysts-had-feared/