Italian economy shrinks

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By SAPA

Milan - Italy's gross domestic product (GDP) shrank by 0.9 percent in the fourth quarter - the sixth quarter running of contraction, preliminary official data published on Thursday showed.

The economy, which entered recession in the second half of 2011, contracted by 2.2 percent overall in 2012 compared to the previous year, the Istat data agency said. - Sapa-AFP

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