Germany’s economy contracted in the second quarter as weaker global growth and trade wars dampened foreign demand for goods produced in the largest euro area economy, data from Destatis showed Wednesday. Gross domestic product shrank 0.1 percent sequentially in the second quarter, almost entirely reversing the first quarter’s 0.4 percent expansion. This was the first fall in three quarters.
Read Full Story
Latest posts by Top News Editor (see all)
- Dollar Retreats After Early Gains, But Stays Mostly Steady - August 16, 2019
- U.S. Consumer Sentiment Shows Substantial Deterioration In August - August 16, 2019
- U.S. Housing Starts Unexpectedly Slump But Building Permits Soar - August 16, 2019