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Italy final fourth quarter growth confirmed at 0.1%

Italy's economic recovery is struggling to gain momentum after emerging last year from a three-year slump
Italy's economic recovery is struggling to gain momentum after emerging last year from a three-year slump

Italy's economy grew 0.1% in the fourth quarter of 2015 from the third, confirming a preliminary estimate.

For the full year, gross domestic product rose an unrevised 1% year-on-year, data showed today. 

Italian consumer demand and investments rose and net exports were positive, but inventories dragged on growth. 

The country's third-quarter growth was unrevised, gaining 0.2% on the quarter and 0.8% on the year. 

Italy's data lagged euro zone average growth, which increased 0.3% in the fourth quarter from the third, and gained 1.5% on the year. 

Italy has been among the euro zone's most sluggish economies over the last decade.
 

Its economic recovery is struggling to gain momentum after emerging last year from a three-year slump.