Germany falls into recession as inflation, higher interest rates curb demand
Over the first three months of 2023, the economy shrank by 0.3 percent, the federal statistics agency Destatis said, downgrading an initial estimate of zero percent. Following a 0.5-percent contraction in the last three months of 2022, it was Germany’s second consecutive quarter of negative growth — the threshold for a “technical recession”. The slump […]