Italy surprise GDP jump comes as new PM Meloni prepares budget

Italy surprise GDP jump comes as new PM Meloni prepares budget

Giorgia Meloni’s first budget is due before the European Commission by the end of November – Copyright AFP Sam PANTHAKY Brigitte HAGEMANN

Italy posted better-than-expected quarterly growth on Monday, a surprise bump for new Prime Minister Giorgia Meloni that staves off — for now — an expected recession in Europe’s third-largest economy.

In its third quarter, gross domestic product (GDP) grew by 0.5 percent over the second quarter, compared to the slight decline that had been anticipated by the previous government of Mario Draghi.That rise — according to preliminary estimates by national statistics institute Istat — outpaced the Eurozone average […]

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