German economy contracts unexpectedly in second quarter

Credit: IndiaTimes- Published on July 31, 2024
Germany's economy unexpectedly contracted in the second quarter, with GDP dipping by 0.1%, as reported by Destatis. Weak investment drove the downturn, contrasting with slight growth in the rest of the eurozone. Analysts predict continued stagnation, citing external factors and domestic issues like high energy costs and a...

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