Italian economy shrank marginally in the fourth quarter of 2022 after expanding in the previous seven quarters, led by weaker domestic demand and lackluster industrial and farm sector performance, preliminary data from the statistical office Istat showed on Tuesday, triggering fears of a mild recession.
Gross domestic product shrank 0.1 percent sequentially in the December quarter, reversing a 0.5 percent rise in the September quarter. Economists had forecast a 0.2 percent fall for the final quarter of 2022.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.