Italy's GDP plunges 12.4 percent in second quarter

Italy's gross domestic product (GDP) fell by 12.4 percent in the second quarter, the national statistics bureau Istat said on Friday, plunging the country into recession.

GDP declined by 17.3 percent compared with the 2019 second quarter, Istat said, as the coronavirus lockdown took a dramatic toll on the eurozone's third-largest economy.

(With input from AFP)