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Berlusconi Drags Italy into 3-Year Recession

Italy is the only leading country forecast by the IMF to be facing three consecutive years of contraction (FT)
GDP fell 1% in 2008
Q4 activity contracted by 1.9% qoq. Leading and sentiment indicators suggest Q1 contraction will be as severe as Q4
Mar 4: Senior official of the Bank of Italy said the 1.8% contraction in Q4 [...]