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German economy shrinks by 0.1 percent in second quarter

2019-08-14T06:10:28.088Z

The German economy contracted by 0.1 percent in the second quarter of this year compared to the previous quarter. This is evident from the first estimate by the German statistical office Destatis.



The German economy contracted by 0.1 percent in the second quarter of this year compared to the previous quarter. This is evident from the first estimate by the German statistical office Destatis.

In the first three months of 2019, however, the German economy grew cautiously again, by 0.4 percent, after six months of economic contraction.

The German economy has been troubled for months by global trade tensions, the weakening world economy and continuing uncertainty due to Brexit. Among other things, the country's exports fell as a result. In July it was announced that industrial production in Germany had fallen to the lowest level in seven years.

Source: nunl

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