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Germany Endures First Recession Since COVID on Consumers

Por: Time Business May 26, 2023

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Germany suffered its first recession since the start of pandemic, extinguishing hopes that Europe’s top economy could escape such a fate after the war in Ukraine sent energy prices soaring. First-quarter output shrank 0.3% from the previous three months following a 0.5% drop between October and December, the statistics office said Thursday. Its initial estimate, last month, was for stagnation. “The reluctance of households to buy was... + full article



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