Italy Treasury Minister Sees Stagnation Rather Than Recession

Italys Economy Minister Giovanni Tria attends a session for a Parliament vote of confidence on Italy's revised 2019 budget, on Dec. 29, 2018 in Rome. Alberto Pizzoli/AFP/Getty Images

MILAN—Italy’s Treasury Minister said on June 13 he did not see a recession on the horizon but acknowledged there could be a period of stagnation.

The Italian economy has been slowing for the last year and gross domestic product declined by 0.1 percent in the third quarter, the weakest result since 2014.