Tag Archives: German economy shrinks 10pc

FRANKFURT: Germ­a­ny’s economy, Europe’s largest, took a massive hit during the pandemic shutdowns, shrinking by 10.1 per cent during the April-June period from the previous quarter as exports and business investment collapsed. It was the biggest drop since quarterly growth figures began being compiled in 1970, the official statistics agency said Thursday. The plunge far exceeded the previous worst-ever recorded …

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