German economy contracts unexpectedly in second quarter
Wednesday, 31 July 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 transitioning automotive sector.
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