Italian Q2 GDP -0.7% Q/Q vs. -0.8% in Q1 and vs. consensus of -0.6%, with the drop the fourth...

|By:, SA News Editor

Italian Q2 GDP -0.7% Q/Q vs. -0.8% in Q1 and vs. consensus of -0.6%, with the drop the fourth decline in a row. GDP -2.5% Y/Y in Q2 vs. -1.4% in Q1. The contracting economy will increase concerns about Italy's ability to cut public debt, which stands at 123% of GDP.