Italy’s economy shows signs of recovery

The Italian GDP has increased by 0.1% in the fourth quarter of 2013, the Italian National Institute of Statistics (Istat) has revealed.

In the fourth quarter of 2013 chained volume measure of Gross Domestic Product (GDP) increased by 0.1% from the third quarter of 2013 and decreased by 0.8% in comparison with the fourth quarter of 2012.

Istat also revised its estimate of third-quarter GDP to 0.0%, from a previous forecast of -0.1%.

The news follows that of the country’s PM Enrico Letta resigning after being ousted by his own party in favour of the secretary Matteo Renzi.

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