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Berlin (AP) — Germany’s economy grew 1.5% in the second quarter compared to the previous three months and recovered after a sharp drop in the first quarter, but not as strong as expected. did.
The figures released by the Federal Bureau of Statistics on Friday were below the 2% profit predicted by economists. In addition, the decline in the first quarter was more pronounced than previously reported. Gross domestic product fell 2.1% instead of the 1.8% reported in May.
Second-quarter GDP increased 9.6% year-on-year. The second quarter of last year saw a strong early impact of the coronavirus pandemic on Europe’s largest German economy.
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The German economy recovered in the second quarter, but fell short of expectations. WGN Radio 720
Source link The German economy recovered in the second quarter, but fell short of expectations. WGN Radio 720