Italy's economy shrank for the first time in two years as initially estimated in the second quarter, the latest data from the statistical office ISTAT showed Wednesday.
Gross domestic product dropped by 0.1 percent sequentially, in contrast to the 0.3 percent expansion in the first quarter. This was the first fall since the second quarter of 2023 and in line with the flash data published on July 30.
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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.