Today news
About the same in other media
German economy stagnates in Q2 after winter recession
Reading now: 535
BERLIN (Reuters) — The German economy stagnated in the second quarter compared to the previous three months, following a winter recession, data from the statistics office showed on Friday.
The figure is confirmation of a first estimate, which was published in late July.
«After slight declines in the previous two quarters, the German economy stabilised in spring,» said Ruth Brand, president of the statistics office.
Economic output fell by 0.4% in the fourth quarter of 2022 and by 0.1% in the first quarter of 2023.
Year-on-year, GDP contracted by 0.2% in the second quarter when adjusted for price and calendar effects.
The statistics office publishes a detailed report outlining the data.
Read more on investing.comAbout this in other media
German economy sinking in recession in 2023, predicts European Commission livemint.com /1 year ago
G20 Summit: German chancellor Olaf Scholz sports eye patch; here is why economictimes.indiatimes.com /1 year ago
Who will save Europe’s economy? livemint.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
