Europe
Germany's economy just shrank, meaning Europe's biggest economy is 'teetering on the edge of recession'
3 monthes ago | By Business Insider
Reuters/Hannibal Hanschke
Germany's economy shrank 0.1% in the second quarter, driven by a decline in exports due to the US-China trade war.
The slowdown is bad news given Germany is Europe's largest economy and a key player in the eurozone.
The contraction comes after the UK economy shrunk last week for the first time since 2012 due to Brexit fears, underlining how political uncertainty is weighing on Europe.
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Germany's economy shrank by 0.1% in the three months to June, signaling a recession could be looming.
The decline marks a sharp...
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