Italian Economy Rebounded in 2Q, Beating Forecasts
July 30 2021 - 4:28AM
Dow Jones News
By Maria Martinez
Italy's economy grew in the second quarter on the back of a
gradual easing of pandemic restrictions.
The eurozone's third-biggest economy grew 2.7% on quarter,
following a revised figure of 0.2% growth in the first quarter, the
Italian statistics agency Istat said Friday in a first estimate for
the period. Economists polled by The Wall Street Journal had
forecast a 1.3% expansion.
The Italian economy grew 17.3% on year in the second quarter,
Istat said. This was more than the 15.6% expansion forecast by
economists polled by The Wall Street Journal.
The Italian release follows the publication of the first
estimates of second-quarter gross domestic product in France and
Spain, which posted 0.9% and 2.8% growth, respectively.
Write to Maria Martinez at maria.martinez@wsj.com
(END) Dow Jones Newswires
July 30, 2021 04:16 ET (08:16 GMT)
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