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Q4 GDP up 0.1% after eight losing quarters, one flat

Italy emerging from longest postwar recession

14 February, 10:35
Q4 GDP up 0.1% after eight losing quarters, one flat (ANSA) - Rome, February 14 - Italian GDP rose 0.1% in the fourth quarter of 2013 compared to the third, national statistics agency Istat said Friday in preliminary estimates. GDP was flat in the third quarter after eight straight losses in Italy's longest postwar recession, dating back to 2011. GDP fell an annual 0.8% in the fourth quarter, Istat said.

The recovery is projected to gradually pick up pace this year.

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