Daily Memo: The Long Road to Normalization
The German economy's second quarter was better than previously thought but still the worst on record.
Germany’s path to economic recovery. Germany’s official Destatis statistics agency published new economic data on the second quarter, including a slightly improved picture of economic output relative to the first three months of the year. According to the new figures, second-quarter gross domestic product fell by 9.7 percent, not 10.1 percent. The Munich-based Ifo Institute […]