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Germany: drop in exports,GDP down 0.1% in the second quarter
Exports down 1.3%
27 August, 11:55
(ANSA) - ROME, AUGUST 27 - The fall in exports is pushing
Germany's GDP down in the second quarter. According to data from
the federal statistics office, GDP fell by 0.1%, in the final
estimate, due to the 1.3% drop in exports.
Data thus confirm the preliminary mid-August estimate. GDP
grew by 0.4% year on year, and the fall in exports was equal to
0.8%, the greatest drop in the last six years.
On the other hand, the domestic market is doing better in
terms of household consumption (up 0.1%) and public spending (up
0.5%). (ANSA).
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