Italy's GDP shrinks for 8th quarter

Italy's GDP shrinks for 8th quarter

Italy’s economy shrank by 0.2 percent in the second quarter of 2013 from output in the first quarter, making the eighth quarter of contraction in a row, official data showed on Tuesday.

Gross domestic product (GDP) shrank by 2.0 percent compared to output 12 months earlier, the Istat data agency said.

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