Germany's economy contracted in the second quarter as weaker global growth and trade wars dampened foreign demand for goods produced in the largest euro area economy, data from Destatis showed Wednesday.
Gross domestic product shrank 0.1 percent sequentially in the second quarter, almost entirely reversing the first quarter's 0.4 percent expansion. This was the first fall in three quarters and matched economists' expectations.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.