BERLIN (Reuters) - The German economy's surprise second-quarter contraction was probably due to Russian sanctions and confidence being eroded by the Ukraine crisis as well as the comparison with a bumper first quarter, the finance ministry said on Friday.
Europe's largest economy shrank by 0.2 percent between April and June after growing 0.7 percent in the first quarter thanks largely to an unusually mild winter, which boosted construction activity at the beginning of the year.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!