Recession worries stifle Italian CP market
AS of mid-August, Italy was on the verge of entering a recession. The third-largest economy tied to the Euro behind Germany and France, the country's GDP had contracted by 0.3% in its second quarter against zero growth year-on-year. One more contraction will officially push the country into recession - its fourth in a decade. And all signs are pointing in that direction.
September 1, 2008
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