By Maria Martinez
The German economy grew modestly in the second quarter, beating expectations of stagnation amid high inflation and uncertainty stemming from Russia’s invasion of Ukraine.
According to a second estimate for the period released Thursday by German statistics office Destatis, Germany’s gross domestic product grew by an adjusted 0.1% from the previous period.
The figure was raised from the first estimate, which showed the economy stagnating. Economists polled by The Wall Street Journal had also forecast stagnation.
GDP expanded 1.7% on year in the second quarter on a calendar and price-adjusted basis, above the 1.4% forecast by economists polled by the Journal and the first estimate.
Write to Maria Martinez at email@example.com