Italy’s economy shrinks more than expected

Italian economy shrank in the fourth quarter of last year, even more sharply than the decrease by 0.2% scored in the third quarter. If The National Bureau of Statistics data in thispreliminary report of the GDP for the fourth quarter of 2011, which will be issued on 15 Feb., it would mean that Italy became officially in recession, many analysts expect to continuemost of the year. The … Continue reading