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The latest forecasts of the Italian Treasury revealed the possibility of the Italian economy contracting and the third largest economy in the Eurozone heading towards recession.
Reuters quoted the ministry as saying: The decline of the Italian economy, which has been affected by rising energy costs and record high inflation, has already begun, while the ministry's latest forecast showed that the economy is heading towards a technical recession, which economists identified as two consecutive quarters of lower gross domestic product.
The Italian Prime Minister Mario Draghi considered the end of last September that the energy crisis represents a common threat to the European Union countries.
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