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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.