Germany records no growth in the three months to June

Germany recorded no growth in the three months to June, deepening fears about the eurozone’s largest economy.

Gross domestic product was unchanged in the second quarter, federal statistics show, meaning it technically exited its winter recession. 

Going nowhere: Gross domestic product was unchanged in the second quarter, federal statistics show, meaning it technically exited its winter recession

That represented an improvement from a 0.1 per cent decline in the first quarter and a 0.4 per cent contraction in the fourth quarter of last year.

The International Monetary Fund has just downgraded its predictions for the German economy and now expects it to shrink by 0.3 per cent in 2023.