The Italian government estimates that the economy contracted 1.8% for 2013 following a 2.5% decline in 2012, but GDP could expand 1.1% in 2014.
In related Eurozone news, the French economy continued to weaken, contracting by 0.1% in the third quarter, with industrial output dropping 0.3% in October. The iShares MSCI France ETF (NYSEArca: EWQ) is up 18.5% year-to-date.
iShares MSCI Italy ETF
For more information on the two Eurozone countries, visit our Italy or France category.
Max Chen contributed to this article.