Italian GDP falls in third quarter, in line with forecasts

The Italian economy contracted 1.9 per cent in the third quarter when compared to a year ago, according to a flash GDP estimate, which was in line with expectations. Second quarter GDP was revised down from -2.1 per cent to -2.2 per cent.

Quarter-on-quarter, GDP decreased an expected 0.1 per cent, compared to the 0.3 per cent decrease seen in the second quarter.