Italian GDP Grows 1.9 Percent in Q1 2023

Italy’s GDP grew 1.9 percent year over year in the first quarter of 2023, compared to the same period last year.Official data were revised upwards from 1.8 percent in the initial reading released April 28.The data shows that the Italian economy rebound…

EU Inflation Reaches Lowest Level in 15 Months

The inflation rate in the euro area declined during the past month sharply, reaching its lowest level in 15 months, while the core inflation rate continued to decline for the second month in a row.Eurostat said that inflation in May retreated to 6.1 pe…