Italy plunges into recession following strict coronavirus lockdown

By Editorial Team
Published 3 years, 7 months ago

Italy posted a record economic contraction on Monday after Italian companies slashed investment and consumers cut back on spending during the coronavirus lockdown in the second quarter, sending the eurozone’s third-largest economy deep into recession.

Photo: Pixabay

The country’s gross domestic product fell by 12.8 per cent in the second quarter compared to the previous quarter ...

By Editorial Team

Staff

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