Germany's economy unexpectedly contracted by 0.1% in Q2 due to weak investments, raising concerns in Europe's largest economy.
Germany's economy unexpectedly contracted by 0.1% in the second quarter, as weak investments in equipment and construction contributed to the decline. This marks a setback for hopes of a recovery in Europe's largest economy, which has been grappling with high inflation, a manufacturing slowdown, and cooling export demand. The contraction is also a cause for concern as Germany is traditionally a driver of European growth.
July 30, 2024
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