Comment on Germany Endures First Recession Since COVID on Consumers

Germany Endures First Recession Since COVID on Consumers

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.

 

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