Economics
Italian Industrial Output Drop May Signal Longer Recession
- Country’s economy fell into a slump at the end of last year
- EU has slashed Italy’s growth projection to 0.2% for this year
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Italian industrial production fell for a fourth straight month, in a sign the recession that started late last year may persist.
The populist coalition government has been swamped by a rash of negative economic data, including the European Commission’s slashing of this year’s growth forecast by a full percentage point.