AlwaysFree: German Economy Shrank By 9.7% In Q2

German economy had contracted by a record 9.7% in second quarter, compared to the last quarter, as exports, investments and private consumption all weaken in raging pandemic, as the country’s statistics office released the data on Tuesday, August 25, in revision to an earlier estimate, with a minor-upward move in the data. The office has estimated in a flash GDP reading earlier that the economic shrinkage is by 10.1% between April-June period.