German economy plunged 10% during second quarter

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German Economy Plunged 10% During Second Quarter
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Press Association
Germany’s economy took a massive hit during the pandemic shutdowns.

Output shrank by 10.1% during the April-June period from the previous quarter, the country’s official statistics agency said.

Tough pandemic restrictions shut down everything from taverns to car dealerships across the country.

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Germany has cautiously reopened and the economy has started bouncing back, but economists say it is far from the pre-virus level.

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