Germany slips into recession as GDP falls 0.3% for the 2nd straight quarter

In Q1 2023, Germany’s GDP fell by 0.3% for the 2nd second consecutive quarter and slid into recession.

Low energy supplies from Russia raised prices, fueling inflation.

Household consumption fell to 1.2% quarter on quarter after price, seasonal and calendar adjustments.

Posted on 2023/06/12

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