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

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.
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