German economy stagnates in second quarter: official data
Synopsis
Germany’s economy stagnated at zero percent in the second quarter of 2019, according to official data released by federal statistics agency Destatis. Europe’s largest economy had fallen into recession around the turn of the year with two consecutive quarters of negative growth.
German gross domestic product stayed flat between April and June, official data published Friday showed, as fears mount about the health of Europe’s largest economy.
The economy stagnated at zero percent in the three-month period, the federal statistics agency Destatis said in a statement. It had fallen into recession around the turn of the year with two straight quarters of negative growth.
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