Canadian Pizza Magazine

News
Italy starts shrinking


Aug. 8, 2008, London – Italy is in a bind, and things could get worse. The European country
was one step away from a recession on Friday after its national
statistics office, Istat, said gross domestic product
unexpectedly shrunk 0.3%, in the second quarter. If Italy's economy
contracts once more in the next quarter, that would officially put the
country in recession.| READ MORE