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ROME, Sept 1 - Italy's economy contracted by 0.4% in the second quarter from the previous three months, hit by weak domestic demand, national statistics bureau ISTAT said on Friday, revising down provisional data.
On a year-on-year basis, second-quarter GDP growth was lowered to show a 0.4% increase, compared with the 0.6% printout in the flash estimate. Italian ministers have repeatedly criticised the European Central Bank for sharply raising interest rates, saying its policy threatens to throw the euro zone into recession.
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