Germany has remained the ‘sick man of Europe’ as its economy stagnated in the second quarter, new figures show, as the country battles an industrial slowdown and stubborn inflation.
The outlook for the nation long lauded as Europe’s industrial powerhouse is deteriorating, with its economy registering zero growth from April to June compared to the previous quarter, according to data from the federal statics agency Destatis.
The figures come as a major blow to Germany’s government, which had boldly doubled its growth forecast for this year after a feared winter energy crunch failed to materialise.
Germany’s stagnating economy – which had fallen into recession earlier this year – is in stark contrast to Brexit Britain’s economy, which continues to see growth. The UK’s economy grew by 0.2 per cent in the second quarter of the year, with June’s sunny weather encouraging Britons to eat out and spend more.
But some observers have started to label Germany ‘the sick man of Europe’ again, 25…
