Italy slides back into recession | Bangkok Post: news

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Italy slides back into recession

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The Italian economy shrank by 0.2% in the second quarter, dragging the eurozone's third-biggest economy back into recession and further behind EU neighbours, data from the national statistics agency showed on Wednesday. 

A couple walks by shop windows advertising a sale on July 6, 2014 in downtown Rome, as Italian retailers start their summer sales. (AFP photo)

The contraction, which follows on the heels of a fall in the first quarter, will be a sharp blow for Prime Minister Matteo Renzi's government as the country struggles to pull out of the worst recession since World War II.

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