Italy's GDP expands 0.5 pct in Q3: ISTAT

STORY: Italy's GDP expands 0.5 pct in Q3: ISTAT DATELINE: Nov. 2, 2022 LENGTH: 0:01:12 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of Italy's economic development STORYLINE: Italy's economic growth streak continued in the third quarter of this year, with the country registering 0.5 percent growth from the previous quarter, the government's main statistics entity reported Monday. According to the National Institute of Statistics (ISTAT), it was the seventh three-month period in a row that Italy's economy expanded. This growth started in the first quarter of last year, as the country began to recover from the worst part of the COVID-19 pandemic. ISTAT's preliminary data also showed that Italy's gross domestic product (GDP) was 2.6 percent higher at the end of the third quarter than the same period last year. However, the Italian economy slowed over the second half of this year, with higher energy prices and global supply chain issues sparked by the conflict between Russia and Ukraine exerting a

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• 2022/11/02 00:00:00

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