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Germany's Q2 GDP Contracts 0.6% Year-on-Year...

Germany's Q2 GDP Contracts 0.6% Year-on-Year... Olaf Scholz, Chancellor of Germany. [Image source=Yonhap News]

Germany's GDP in the second quarter contracted compared to last year.


On the 28th (local time), the Federal Statistical Office of Germany announced that Germany's GDP in the second quarter decreased by 0.6% compared to the same period last year. The GDP growth rate from the first quarter to the second quarter remained flat at 0%.


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