Italy in recession

It has emerged today that Italy is now in a recession.

The economy shrank by 0.2% in the last quarter of 2018, a worse situation than expected.

Yesterday, Germany halved its economic forecast for 2019 from 1.8% to 1%. European economies are struggling.

It underlines why EU leaders really do need to secure a deal with the UK, with a No Deal likely to hit European economies.