EUR/USD Falls as German Economy Contracts • Dumb Little Man
German Economy Shrinks in Q2 The German economy contracted in the second quarter, contrary to expectations of a minor expansion. Initial data from Destatis showed the economy shrinking by 0.1% in Q2, compared to forecasts of 0.1% growth and 0.2% growth in Q1. According to the Federal Statistical Office (Destatis), ‘investments in equipment and buildings,…