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)
- Federal Reserve Leaves Rates Unchanged After Three Straight Cuts - December 11, 2019
- ECB Set To Maintain Status Quo In Lagarde’s First Policy Meeting - December 11, 2019
- U.S. Consumer Prices Rise Slightly More Than Expected In November - December 11, 2019