DW Business July 14, 2024
The lowest rate in 17 years showing an uptick of only 4. 8 percent analysts had forecast a 6 percent rise retail sales also rose less than expected a sign of weakening demand among chinese consumers the data suggests that the global slowdown and the trade war with the u. S. Is biting into the worlds 2nd largest economy. Meanwhile europes biggest economy appears to be running out of steam german g. D. P. Shrinking by a 10th of a percent in the 2nd quarter fueling concerns that a slowdown is already here the latest figures follow a lackluster growth in the 1st 3 months of the year 0 at the end o...