Germany’s economy shrank in the second quarter and France again failed to conjure up any growth, snuffing out any signs of a recovery in the euro zone which is now also weighed down by tit-for-tat sanctions with Russia.
Europe’s largest economy contracted by 0.2 percent on the quarter, undercutting Bundesbank forecasts that it would stagnate, with foreign trade and investment notable weak spots, the German Statistics Office said on Thursday.
With so much uncertainty surrounding Russia and Ukraine, a quick rebound is unlikely.
France fared little better, flatlining for the second successive quarter.
That forced the French government to confront reality, saying it would …read more
Source: Newsweek
