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Investing.com -- Italy’s economy expanded by 0.7% in the previous year, falling short of the government’s official prediction of 1% growth, according to data released on Monday.
However, the budget deficit and public debt were lower than anticipated.
The national statistics bureau, ISTAT, reported that the 0.7% rise in gross domestic product (GDP) was facilitated by an additional four working days compared to the previous year. This growth rate mirrors that of the year 2023.
Looking ahead, the Treasury has set a growth target of 1.2% for the current year for the euro zone’s third largest economy.
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