Money and business

The Italian economy has been shrinking for the first time since the second quarter of 2023


Data revealed "Acetat" during the second quarter of this year, for the first time in two years." Italy’s local product shrinking by 1.0% during the second quarter, after its growth at a rate of 3.0% during the first quarter." Italian Since the second quarter of 2023.
and at the demand level, investment spending has increased in exchange for consumer spending stability for families, public sector and government administration, according to the data of the National Institute for Statistics. The total investment spending increased by 1%, Italian exports decreased by 7.1%, and imports increased by 4.0%.

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