( ) -q-27- UNDATED (Correspondent Jeremy House) “the second quarter.” Germany’s central bank says the country’s economy appears to have returned to slight growth in the April-to-June period after shrinking for two consecutive quarters. [CutID: <Cuts> GERMANY-ECONOMY-house-q-MONam.mp3 Time: 27s Title: GERMANY-ECONOMY-house-q-MONam Out-cue: the second quarter] TAG: Correspondent Jeremy House reporting. The bank said that private […]
Audio
A slight improvement in Germany’s economy
( ) -q-27- UNDATED (Correspondent Jeremy House) “the second quarter.”
Germany’s central bank says the country’s economy appears to have returned to slight growth in the April-to-June period after shrinking for two consecutive quarters.
[CutID: <Cuts> GERMANY-ECONOMY-house-q-MONam.mp3
Time: 27s
Title: GERMANY-ECONOMY-house-q-MONam
Out-cue: the second quarter]
TAG: Correspondent Jeremy House reporting. The bank said that private consumption apparently stabilized, thanks to a solid labor market, pay increases and the lack of a further significant increase in inflation.
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VERBATIM: Germany’s national statistics office said in late May that Europe’s biggest economy contracted by 0.3% in the first three months of this year. That marked the second consecutive decline that is one definition of a recession. Gross domestic product declined by 0.5% in last year’s fourth quarter. In its monthly report, the Bundesbank said that economic output appears to have “increased slightly” in the second quarter.