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Germany on brink of recession; eurozone beats forecasts with 0.3% growth; US job openings fall – as it happened | Business


Germany’s economy shrinks unexpectedly

Newsflash: Germany’s economy is back on the brink of recession.

Germany’s GDP shrank by 0.1% in the second quarter of this year, new data from statistics body Destatis shows.

That’s a blow to Berlin’s government, which has been hit by an ailing train network, the surge in energy prices after Russia’s invasion of Ukraine, protests by farmers, weaker demand from China, and a rise in support for far-right politicians.

Economists had expected growth of 0.1% in the quarter.

The decline in activity was due to a fall in manufacturing and construction…



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