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That's a significant downgrade from the 1.3% seen back in November.

That's a significant downgrade from the 1.3% seen back in November

The leading statistics institute in Italy expects that domestic demand will provide the full 0.3% contribution while foreign demand and inventories i.e. trade flows will provide no contribution to Italy's GDP this year.
I reckon that pretty much sums up the dire situation in Italy as economic conditions continue to suffer as seen by the technical recession at the end of last year.

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