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Details Of Germany’s Second Contraction In Four Quarters Show Worst Export Slump In Six Years
Earlier this month, we learned that the German economy contracted for the second quarter in four in Q2.
That wasn't a surprise, but it did confirm that recession fears are real. It also validated a string of poor data which hasn't abated since.
On Monday, for instance, the latest Ifo survey showed business confidence continues to collapse.
Read more: As Business Confidence Collapses, Germany’s ‘Black Zero’ Fiscal Stance Looks Untenable
Now, we have the details from Germany's Q2 GDP rep
