German economic growth to be hit by Ukraine crisis, Ifo head says

(Reuters) - German economic growth will shrink towards zero in the second quarter due to the Ukraine crisis and the tough new economic sanctions imposed on Russia from 0.8 percent in the first quarter, the head of Germany's Ifo institute said on Saturday.

German Economy Confirmed to Have Grown Slightly in Q2

German economic growth in the second quarter was confirmed at 0.3% (seasonally adjusted), confirming an initial estimate released last week.