Italy's economy logs zero growth in Q4
(MENAFN) According to preliminary data by national statistics institute (Istat), Italy's economic output posted zero growth in the last quarter of 2014, marking the end of technical recession, Xinhua reported.
In the fourth quarter of 2014 the seasonally and calendar adjusted, chained volume measure of gross domestic product (GDP) remained unchanged with respect to the third quarter of 2014, Istat said.
GDP had fallen 0.2 percent in the second quarter and 0.1 percent in the third quarter of last year. Technical recession occurs when the level of national output declines over two successive quarters.
In the fourth quarter of 2014 the seasonally and calendar adjusted, chained volume measure of gross domestic product (GDP) remained unchanged with respect to the third quarter of 2014, Istat said.
GDP had fallen 0.2 percent in the second quarter and 0.1 percent in the third quarter of last year. Technical recession occurs when the level of national output declines over two successive quarters.
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