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Italy Faces Looming Recession Due to Gas Dependence, IMF Says

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“We are expecting Italy to enter a technical recession in the coming quarters and a big impact has come from the energy crisis and the elevated inflation and the adverse impact on real incomes,” Petya Koeva Brooks, deputy director of the IMF’s research department, told a news conference in Washington, adding that risks to the outlook are “very much on the downside.”



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