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The Italian statistical office Istat released its preliminary gross domestic product (GDP) growth for Italy on Friday. Italy's preliminary GDP increased 0.3% in the first quarter, after a 0.2% rise in the fourth quarter. The fourth quarter's figure was revised up from a 0.1% gain.
On a yearly basis, Italy's GDP declined to 1.0% in the first quarter from 1.1% in the fourth quarter. The fourth quarter's figure was revised up from a 1.0% rise.
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