Germany in recession as Eurozone stagnates

The German economy fell into a technical recession after data showed a second successive quarter of negative growth in the three months to the end of June.

Source: Reuters

The German economy saw a second successive quarter of negative growth in the three months to the end of June, confirming that the strong euro, industrial action and weak domestic demand combined to tip the eurozone's largest economy into technical recession in the first half of this year.

Meanwhile official data showed that the

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