Italy edges towards recession

Italy’s economy contracted in the third quarter of 2011, signalling the likely onset of recession amid weakening domestic demand and the introduction of fresh austerity measures.

Website: Italian National Institute of Statistics (ISTAT) http://www.istat.it/en/

ISTAT: Press Release, 21.12.11: Quarterly national accounts http://www.istat.it/en/archive/48522

ESO: Background information: Monti sails through first austerity vote http://www.europeansources.info/record/monti-sails-through-first-austerity-vote/

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