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Due to weak demand in the United States, Germany's economy shrank by 0.1% in the second quarter.
Jin10 data reported on July 30, Wednesday's data showed that the German economy contracted by 0.1% in the second quarter, contrasting with a growth of 0.4% in the first quarter. The main reason for this was the slowdown in demand from the United States, as importers had purchased a large amount of German goods in previous months in anticipation of higher tariffs from the U.S. The German Federal Statistical Office stated that investment declined in the second quarter, but compared to the previous three months, consumption and government spending increased.