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Institutions: Germany's economy failed to avoid contraction again in the second quarter.
Jin10 data, July 30th news, institutions said that after the German economy escaped recession at the beginning of the year, it unexpectedly shrank in the second quarter. The data shows that despite the easing of inflationary pressures, the German economy, as the largest economy in the eurozone, has still failed to To The Moon. Preliminary data released by the German Federal Statistical Office on Tuesday showed that Germany’s GDP shrank by 0.1% compared to the previous quarter. Analysts surveyed by Reuters had predicted that the seasonally adjusted quarter-on-quarter rise0.1%, and the rise of the economy in the second quarter was 0.2%.