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No Sign of Q4 Growth For Italy

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There are no signs to suggest Italy’s sluggish economy will accelerate in the final months of this year, national statistics bureau ISTAT said on Friday.

Gross domestic product in the euro zone’s third largest economy stagnated in the second quarter, though most economists expect to see a return to modest growth when ISTAT releases third quarter data on Nov. 15.

In its monthly economic note, ISTAT gave no forecast for the July to September period, but it said its composite leading indicator “does not signal any prospect of an acceleration in the final months of the year.”

Reuters

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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