Latest data released by Istat - 30 April 2021
- Prior -1.9%; revised to -1.8%
- GDP -1.4% vs -1.6% y/y expected
- Prior -6.6%
A double-dip recession befalls Italy but the slump in Q1 was certainly less worse than feared, much like elsewhere across the region as economic activity showed more resilience to tighter restrictions during the opening months of the year.