UK markets close in 45 minutes
  • FTSE 100

    7,067.81
    +159.05 (+2.30%)
     
  • FTSE 250

    17,770.40
    +485.52 (+2.81%)
     
  • AIM

    816.62
    +7.89 (+0.98%)
     
  • GBP/EUR

    1.1471
    -0.0045 (-0.39%)
     
  • GBP/USD

    1.1404
    +0.0084 (+0.75%)
     
  • BTC-GBP

    17,609.10
    +519.43 (+3.04%)
     
  • CMC Crypto 200

    455.70
    +10.27 (+2.31%)
     
  • S&P 500

    3,776.76
    +98.33 (+2.67%)
     
  • DOW

    30,173.49
    +682.60 (+2.31%)
     
  • CRUDE OIL

    85.40
    +1.77 (+2.12%)
     
  • GOLD FUTURES

    1,726.70
    +24.70 (+1.45%)
     
  • NIKKEI 225

    26,992.21
    +776.42 (+2.96%)
     
  • HANG SENG

    17,079.51
    -143.32 (-0.83%)
     
  • DAX

    12,604.99
    +395.51 (+3.24%)
     
  • CAC 40

    6,010.77
    +216.62 (+3.74%)
     

German economy could contract in H2 - economy ministry report

FILE PHOTO: A square in Tuebingen, Germany

BERLIN (Reuters) - Germany's outlook has "dramatically worsened" and the economy could stagnate or contract in the second half of the year, an economy ministry report said on Tuesday.

A rising number of companies are going insolvent but there is no "insolvency wave" as such, the report said, adding that Germany's labour market has defied global uncertainties for the time being and demand remains high.

(Writing by Matthias Williams, editing by Rachel More)