Economy shrinks, inflation expands…

Sounds just like back home in US-Amerika. What’s not to like?

German economy unexpectedly shrinks, inflation ticks higher – The German economy unexpectedly contracted in the second quarter after skirting a recession at the beginning of the year and July’s inflation rose, showing the continuing struggles of the euro zone’s biggest economy.

Germany’s gross domestic product contracted by 0.1% in the second quarter compared with the previous three-month period, preliminary data from the statistics office showed on Tuesday.

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