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German economy enters recession
short by Ankush Verma / on Thursday, 25 May, 2023
German economy has entered recession, data from the statistics office showed. Gross domestic product fell by 0.3% for the first quarter of 2023 when adjusted for price and calendar effects, the data showed. This follows a decline of 0.5% in the fourth quarter of 2022. A recession is commonly defined as two successive quarters of contraction.
read more at Reuters