In a sign of difference between the trans-Atlantic economies, while the United States outperformed expectations, Germany emerged as the weakest in the 27-member European Union (EU).
Germany’s gross domestic product (GDP) grew at a rate of mere 0.3 per cent in the second quarter of 2024 whereas production entered a period of contraction and fell by 0.1 per cent, according to the figures released by EU’s statistics agency Eurostat.
On the other hand, the US economy grew 0.7 per cent in the second quarter from the first quarter or at 2.8 per cent on an annualised basis, as per the…
