European Nation Italy Slides Into Recession
Italy PM Candidate Guissepe-Conte. AFP

European nation Italy has slipped back into recession and thus intensifying worries about the 19-nation eurozone economy.

There are also fears of a possible flare-up in the debt market that had haunted the block in recent times.

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Concise News understands that Italy contracted by a quarterly rate of 0.2 percent in the fourth quarter of 2018.

According to the National Statistics Agency, after a 0.1 percent fall in the past three-month period, Italy is now in technical recession.

This is coming just after four years that the nation experienced a recession.

The country was one of the reasons for that the wider eurozone slowed in 2018 with much uncertainties associated with Brexit.