(MILAN) — Italy has fallen back into recession, intensifying concerns about the 19-country eurozone economy and a possible flare-up in the debt market jitters that had haunted the bloc in recent years. The Italian economy, the third-largest in the eurozone, contracted by a quarterly rate of 0.2 percent in the fourth quarter of 2018, the national statistics agency said. Following a 0.1 percent drop in the previous three-month period that means Italy is in a technical recession, defined as two straight quarters of economic contraction — just four years after its last one. Italy’s recession is one reason why the wider eurozone slowed in 2018, along with uncertainties related to Brexit, the China-U.S.
Comment on Italy Falls Back Into Recession – Raising Concerns for E.U.
COLLEEN BARRY and PAN PYLAS / AP, Time: World
Thu, 01/31/2019 - 7:18am
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