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German Preliminary GDP contracts 0.1% QoQ in Q2 as expected

  • German GDP declined 0.1% QoQ in Q2 vs. -0.1% anticipated.
  • Annual German GDP rose 0.4% in Q2, meeting estimates.
  • EUR/USD keeps the green above 1.1550 after the German Q2 GDP report.

The German economy contracted by 0.1% over the quarter in the second quarter of 2025, following a 0.4% increase in the first quarter, according to the preliminary data published by Destatis on Wednesday. Markets expected a 0.1% contraction in the reported period.

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Italy Gross Domestic Product (YoY) registered at 0.4%, below expectations (0.6%) in 2Q

Italy Gross Domestic Product (YoY) registered at 0.4%, below expectations (0.6%) in 2Q
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Forex Today: GDP releases from major economies, BoC and Fed rate decisions to ramp up volatility

Here is what you need to know on Wednesday, July 30:
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