Germany confirms its Q1 GDP shrank 3.8% vs. the previous quarter, the sharpest decline since...

|By:, SA News Editor

Germany confirms its Q1 GDP shrank 3.8% vs. the previous quarter, the sharpest decline since records began in 1970. GDP declined 6.9% from Q1 2008. Economists expect a milder Q2 contraction before GDP stabilizes in the second half of the year. (ETF: EWG)