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Germany slips into recession as GDP falls 0.3% for the 2nd straight quarter
Posted on May 29, 2023 |
In Q1 2022, Germany's GDP fell by 0.3% for the 2nd second consecutive quarter and slide 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.