Tag: Italy unemployment

• Monday, September 1st 2014 - 11:06 UTC

  Several 'plagues' hit Italy: recession, deflation, job losses and little hope ahead

  

  The Italian economy contracted by 0.2% in the second quarter of 2014, Istat said Friday, confirming the continuation of the country's longest postwar recession. GDP was down 0.1% in the first quarter, it added. Likewise deflation hit Italy in August for the first time in more than 50 years, while unemployment rose again in July by 0.3% over June to 12.6%.