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International Business Times
International Business Times
Business
AFP News

German Economy Unexpectedly Shrinks In Second Quarter

Investment in equipment and construction declined in Germany in the second quarter (Credit: AFP)

The German economy unexpectedly shrank in the second quarter, preliminary data showed Tuesday, falling further behind as a recovery takes hold elsewhere across the eurozone.

Output in Europe's biggest economy contracted by 0.1 percent compared with the previous three months, federal statistics office Destatis said, after expanding by 0.2 percent in the first quarter.

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