Economy

German Economy Held Back by Falling Investment in Second Quarter


Investment and consumer spending weighed on Germany’s economy in the second quarter — dashing hopes that the country can finally leave behind years of stagnation.

The 0.1% contraction in gross domestic product included a 2.2% plunge in capital investment and a 0.2% drop in private consumption, the country’s statistics office said Tuesday. Government expenditure, meanwhile, was up 1%.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Financial World News @2024. All Rights Reserved.