By SIMON CONSTABLE
Contractions in the German economy are as rare as they come. Only now, the latest slowing has stirred concern it won’t be a fluke for this EU stalwart.
In the second quarter, the country’s gross national product dropped 0.1%, only the third quarterly contraction in the last five years. Coming off a year of economic uneasiness on the continent and beyond, the results were enough to raise some serious recession fears. Indeed, one analyst is now declaring that Germany’s “golden decade” is over. Read more here.
Contractions in the German economy are as rare as they come. Only now, the latest slowing has stirred concern it won’t be a fluke for this EU stalwart.
In the second quarter, the country’s gross national product dropped 0.1%, only the third quarterly contraction in the last five years. Coming off a year of economic uneasiness on the continent and beyond, the results were enough to raise some serious recession fears. Indeed, one analyst is now declaring that Germany’s “golden decade” is over. Read more here.
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