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German GDP growth revised down in new blow to economy

(ANSA-AFP) - FRANKFURT AM MAIN, AUG 22 - Germany's economy shrank in the second quarter by even more than had been feared, official data showed Friday, in a further bad sign for Europe's top economy after years of stagnation. Gross domestic product (GDP) fell 0.3 percent from the previous quarter, federal statistics agency Destatis said, as it revised down an earlier July estimate of a drop of just 0.1 percent. (ANSA-AFP).