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Germany Enters Recession In Q1

Por: RTTNews Business May 25, 2023

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German entered a technical recession in the first quarter of this year as household consumption slumped amid the rising cost of living that is fueled by high inflation, revised data from the statistical office Destatis showed Thursday. Gross domestic product declined a seasonally and calendar adjusted 0.3 percent from the fourth quarter of last year, when the economy shrunk 0.5 percent. The initial reading was nil growth. After growth entered... + full article



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