scorecardresearchGerman economy stagnates in Q2

German economy stagnates in Q2

Updated: 29 Jul 2022, 01:48 PM IST
TL;DR.

Gross domestic product was unchanged quarter on quarter in adjusted terms, the federal statistics office said.

German Economy and Climate Minister and Vice Chancellor Robert Habeck visits a salt cavern facility of the gas trading company VNG AG during a two day tour under the heading of Economy and work in times of crisis, due to Russia's invasion of Ukraine, in Bad Lauchstaedt, Germany July 28, 2022. REUTERS/Annegret Hilse

German Economy and Climate Minister and Vice Chancellor Robert Habeck visits a salt cavern facility of the gas trading company VNG AG during a two day tour under the heading of Economy and work in times of crisis, due to Russia's invasion of Ukraine, in Bad Lauchstaedt, Germany July 28, 2022. REUTERS/Annegret Hilse

(Reuters) - The German economy stagnated in the second quarter, data showed on Friday, as the coronavirus pandemic, supply chain problems and the war in Ukraine held back Europe's largest economy.

Gross domestic product was unchanged quarter on quarter in adjusted terms, the federal statistics office said.

A Reuters poll had forecast the economy to grow by 0.1%. 

First Published: 29 Jul 2022, 01:48 PM IST