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Germany: Detailed gross domestic product results for the 2nd quarter of 2014
The German economy is losing momentum. As the Federal Statistical Office (Destatis) already reported in its first release of 14 August 2014, the gross domestic product (GDP) decreased 0.2% - upon price, seasonal and calendar adjustment - in the second quarter of 2014 compared with the previous quarter. However, one of the reasons probably was the extremely mild weather leading to high growth rates at the beginning of the year. According to the most recent calculations, the German economy had grown 0.7% in the first quarter of 2014. The increase in the entire first half of 2014, when adjusted for price, seasonal and ... (full story)