German Economy Minister Katerina Reiche said urgent structural reforms were needed after fresh data from the Federal Statistical Office showed a deeper-than-expected contraction in the economy in the second quarter. According to updated estimates, German GDP decreased by 0.3% in quarterly terms against the initially forecast decline of 0.1%. In the first quarter, the country's economy still grew by 0.3%. On an annual basis, the increase was only 0.2%, taking into account calendar and seasonal factors.«These figures clearly show that we need to act urgently. If Germany wants to remain competitive, more ambitious and bold reforms are needed,» Reiche stressed.
PAUTAN SEGERA
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at First Floor, SVG Teachers Co-operative Credit Union Limited Uptown Building, Corner of James and Middle Street, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
Hubungi Kami 
