The German economy stabilized in the second quarter as private consumption helped to halt the recession, official data showed on Friday. Despite the social unrest, growth in the French economy accelerated on robust exports.
Elsewhere, the Spanish economy continued to register moderate growth in the second quarter with notable improvements in household consumption and investment.
Germany's gross domestic product remained flat in the second quarter, following a 0.1 percent drop in the first quarter and 0.4 percent decline in the fourth quarter of 2022, Destatis reported. GDP was expected to climb 0.1 percent.
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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.