Recession returns to Italy, darkening outlook for Europe

[TomSea]

Recession returns to Italy, darkening outlook for Europe
The Christian Science Monitor

Italy has fallen back into recession, intensifying concerns about the 19-country eurozone economy and a possible flare-up in the debt market jitters that have haunted the bloc in the past.

The Italian economy, the third-largest in the eurozone, contracted by a quarterly rate of 0.2 percent in the fourth quarter of 2018, the national statistics agency said.

Following a 0.1 percent drop in the previous three-month period that means Italy is in a technical recession, defined as two straight quarters of economic contraction – just four years after its last one.

Read more at: https://www.csmonitor.com/World/Europe/2019/0131/Recession-returns-to-Italy-darkening-outlook-for-Europe