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GDP fell 1.9% in 2013

After 2.5% drop in 2012

14 February, 10:37
GDP fell 1.9% in 2013 (ANSA) - Rome, February 14 - Italian GDP fell 1.9% in 2013 after dropping 2.5% in 2012 amid Italy's longest postwar recession, Istat said in preliminary estimates Friday. The eight-quarter recession ended with flat growth in the third quarter, followed by a 0.1% rise in the fourth quarter. The last quarterly growth was 0.2% in the second quarter of 2011.

The Italian economy is expected to pick up this year as the global economy gets stronger and the Italian government enacts pump-priming measures.