Trade War Takes Toll on Economic Growth in Germany, China - USA DAILY NEWS

Trade War Takes Toll on Economic Growth in Germany, China

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Germany’s economy shrank in the second quarter and China reported a raft of weak data, sharpening fears of a slowdown spiral in Europe and Asia’s two industrial powerhouses.

In Germany, gross domestic product contracted 0.1% in the three months to June, with economists and government leaders largely blaming the cool-down in Germany’s export-driven economy on the uncertainty caused by the U.S.-China trade row and the prospect of an abrupt U.K. exit from the European Union.

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