25 May 2023, 12:27

German economy shrinks 0.3 percent, enters recession: official

BERLIN, May 25, 2023 (BSS/AFP) - The German economy contracted by 0.3 percent over the first three months of 2023, official figures published Thursday showed, pushing the country into recession around the turn of the year.

The final figure from the federal statistics agency Destatis was worse than the initial estimate of zero growth, and followed a 0.5-percent contraction in the fourth quarter of 2022.


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