According to recent studies, at the end of last year, the country’s economy showed a decline.
Based on information from the statistical office Istat, over the past three months of last year, the finansil system fell by 0.2% after a decrease of 0.1% in the third quarter.
Italian Prime Minister Giuseppe Conte reported that the decline is likely to continue until 2019.
Meanwhile, data from the EU showed that wealth rise in the eurozone from 19 countries is still too small.
The country’s statistics office reported that the agricultural sector, forestry, fisheries and industry contributed to the financil system downturn, while the rise in net exports could not cover this decline.
The Italian officials had to revise its budget for 2019 last month after the European Commission expressed concern about the impact on the country’s debt level.
Italy has the bigestest public debt in the EU – more than 2.3 trillion euros (2.6 trillion dollars; 2 trillion pounds). It is also the fourth bigest national debt in the world.