Italian economic growth stalls
Italy's economy recorded 0.0% quarter-over-quarter GDP growth, according to preliminary data, falling short of market expectations of 0.1%.
The stagnation followed a 0.2% expansion in the previous quarter, indicating a loss of economic momentum.
Annual GDP growth slowed from 1.0% to 0.8%. The combination of stagnant quarterly output and weaker annual growth could raise concerns about domestic demand and production activity in Italy. The softer growth outlook may influence expectations for European Central Bank (ECB) interest-rate policy and the broader Eurozone economy.
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