During the fourth quarter of 2019, Italian GDP decelerated in its y/y GDP growth rate when compared to the previous quarter, down to 0.09%. In the labor market, the unemployment rate fell compared to the third quarter of 2019 to 9.73%, while the year-over-year rate of employment creation accelerated by 0.08 p.p. to 0.71%. With regard to the exchange rate, the euro remained constant against the US dollar compared to the previous quarter, recording an average exchange rate of 1.11 $/€ during the fourth quarter of the year. Finally, inflation decelerated to 0.29%.
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