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2025-10-30 17:31:15
[Italy's Economy Unexpectedly Stagnates in Q3] ⑴ Preliminary data shows that Italy's GDP remained flat in the three months ending in September compared to the previous quarter, maintaining the 0.1% contraction seen in the second quarter. ⑵ This performance fell short of market expectations of a 0.1% rebound, with industrial output contracting. ⑶ The service sector stagnated, highlighting the impact of trade uncertainty with the United States. ⑷ Slight growth in agriculture, forestry, and fisheries was offset by weakness in other sectors. ⑸ Based on the latest data, Italy's full-year economic growth is projected to remain at 0.5%, consistent with the growth pace expected in 2024. ⑹ However, this is slightly lower than the latest forecast from the Bank of Italy, which projects a 0.4% annualized GDP growth in the third quarter.
