Market Watch: Italian economy returns to growth in third quarter

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Italy's gross domestic product posted quarterly growth of 0.6% in the third quarter, the Italian statistics agency Istat said Friday, in a preliminary estimate. The rise ended five consecutive quarters of shrinking GDP. Compared to the same period last year, GDP contracted by 4.6%, the agency said. The figures were largely in line with forecasts. Economists had predicted a 0.6% quarterly rise and a 4.7% year-on-year decline.