German and French economies perform worse than expected
August 14 , 2014
The German and French economies have performed worse than expectations in this year’s second quarter.
Germany’s GDP shrunk by 0.2% in the three months ending June after registering a 0.7% first quarter growth. The Federal Statistics Office said the economy of Germany was “losing momentum.”
France’s economy showed zero growth, making it two quarters of no growth for the country’s economy.
Germany and France are the two largest economies of the eurozone.