Italy’s economy unexpectedly contracted in the second quarter, a setback for premier Giorgia Meloni’s government as it tries to sustain prosperity and cut debt.
Gross domestic product shrank by 0.3% from the previous three months — much worse than the zero growth that analysts surveyed by Bloomberg had estimated, and in contrast to overall expansion in the euro region.
Read More : Italy’s Economy Faces Surprise Contraction, a Challenge for Meloni