German GDP shrinks 0.1% in Q2: official data


(File photo: VCG)

Germany's economy contracted in the second quarter, preliminary official data showed Wednesday, as the export-oriented country battles global trade and growth headwinds.

Gross domestic product (GDP) was 0.1 percent smaller in April-June than the previous three months, federal statistics authority Destatis said. The figures were in line with forecasts from analysts surveyed by Factset.