Italy Q1 preliminary GDP -4.7% vs -5.4% q/q expected

Latest data released by Istat – 30 April 2020
– (Q4) -0.3%
– GDP -4.8% vs -5.4% y/y expected
– Prior +0.1%
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Much like the French, Spanish and overall Eurozone reports earlier, the quarterly economic contraction is the steepest for Italy since the series began in 1995.