Germany’s Economic Slump Shows Scale of Europe’s Challenge
- Europe’s largest economy shrank 10% in second quarter
- Euro-area confidence is improving, but unemployment is a risk
A banner advises residents on the coronavirus pandemic in Berlin.
Photographer: Maja Hitij/Getty Images
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Germany’s economy shrank the most in at least half a century in the second quarter, outlining the scale of the challenge facing Europe after the devastation of virus restrictions that slammed businesses and households.