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Italy's Economy Contracts For Fourth Quarter

August 7, 2012 @ 9:04 AM EST

by The "State" Team

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Europe Update: Italy GDP Contracts for 4th Straight Quarter

Italy’s preliminary Q2 GDP was reported to have contracted by -0.7% on a quarterly basis and by -2.5% on a year-over-year basis.

The decline in the rate of economic output was higher than analysts had expected and marks the 4th consecutive quarter of contraction.

Other stories on Europe to review:

  iShares Italy - Last 12 Month
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