Global economy: Germany shrinks, China worsens

A pullback in the euro zone's biggest economy.It was expected in Germany's new data for Q2.But still has shock value even so.Point one per cent down quarter on quarter is a contraction - another negative quarter would put it into official recession.Annual growth has eased back to just 0.4 per cent.Exports are a drag as manufacturers continue to suffer a global slowdown, itself made worse by tariff


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