German economy remains stagnant in Q2

Official figures show no growth as outlook for eurozone largest economy’s remains weak

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Germany’s economy grew by 0.0% in the second quarter of 2023 in comparison with the previous quarter, according to official data released today (July 28).

The eurozone’s largest economy contracted by 0.1% in the first quarter of the year and by 0.4% in the last quarter of 2022. GDP declined year-on-year by 0.6% from the second quarter of 2022.

“Household final consumption expenditure stabilised,” said Destatis, the official statistical agency. Germany was not in recession, according to the

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