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Updated on: Friday, July 30, 2021, 04:36 PM IST

Germany's Q2 economy grows 1.5%, falls short of forecast

PTI
The figure released Friday by the Federal Statistical Office fell short of the 2% gain economists had forecast. | Photo by Ingo Joseph from Pexels

The figure released Friday by the Federal Statistical Office fell short of the 2% gain economists had forecast. | Photo by Ingo Joseph from Pexels

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Germany's economy grew by 1.5% in the second quarter compared with the previous three-month period, picking up after a sharp first-quarter fall but less strongly than expected.

The figure released Friday by the Federal Statistical Office fell short of the 2% gain economists had forecast. In addition, the first-quarter decline was sharper than previously reported - a 2.1% drop in gross domestic product, rather than the 1.8% reported in May.

Second-quarter GDP was 9.6% higher than a year earlier. Last year's second quarter saw the strong initial impact of the coronavirus pandemic on the German economy, Europe's biggest.

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Published on: Friday, July 30, 2021, 04:36 PM IST
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