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Economic Indicators

German economy stagnates in Q2

07/29/2022

Less than a minute

2022.07.29 11:33

German economy stagnates in Q2
FILE PHOTO: The skyline with its financial district is photographed during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, October 26, 2020, REUTERS/Kai Pfaffenbach/File Photo

BERLIN (Reuters) – The German economy stagnated in the second quarter, data showed on Friday, as the coronavirus pandemic, supply chain problems and the war in Ukraine held back Europe’s largest economy.

Gross domestic product was unchanged quarter on quarter in adjusted terms, the federal statistics office said.

A Reuters poll had forecast the economy to grow by 0.1%.

Source

07/29/2022

Less than a minute