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OECD forecasts 1.8% contraction for Italian economy in 2013

Italy only country in G7 to see GDP fall this year

OECD forecasts 1.8% contraction for Italian economy in 2013

Paris, September 3 - The Italian gross domestic product (GDP) will fall 1.8% in 2013 and be the only one among world's seven largest economies - the G7 - to contract this year, the OECD forecast on Tuesday in its Interim Assessment. The OECD also warned that after more than two years battling sovereign debt crisis, the weary eurozone remains vulnerable to financial, banking and sovereign debt stressors.

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