(ANSA-AP) - FRANKFURT, AUGUST 14 - The German economy shrank
by 0.1 percent in the second quarter as global trade conflicts
and troubles in the auto industry weighed on Europe's largest
economy.
The state statistics agency Destatis said Wednesday that
falling exports had weighed on output while demand from
consumers and government spending at home had supported the
economy. Germany's economy is facing headwinds as its auto
industry, a key employer and pillar of growth, faces challenges
adjusting to tougher emissions standards in Europe and China.
The industry has also suffered from the U.S.-China trade
conflict that has added tariffs on cars made by German companies
in the U.S and sh ipped to China, while uncertainty over the
terms of Britain's planned exit from the EU has weighed on
confidence. (ANSA-AP).
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