German economy shrank 2.2 percent Q1

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Germany’s economy shrank by 2.2 percent in the first quarter of this year compared to the previous quarter. The German Federal Statistical Office announced this on the basis of provisional figures.

The figure matches the average expectation of economists. In the fourth quarter of 2019, the gross domestic product of the largest economy in Europe shrank by a revised 0.1 percent. An unchanged level was previously reported.

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Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

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