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Italy’s gross domestic product contracted more than initially reported in the second quarter, indicating the country’s fourth recession since 2001 is deepening.
GDP contracted 0.8 percent from the previous three months, more than the 0.7 percent first reported by the National Statistics Institute. From a year earlier economic activity shrank 2.6 percent, more than the 2.5 percent first reported on Aug. 7, Rome-based Istat said today in its final report on second-quarter GDP.
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