• Tue. May 30th, 2023

Germany’s Economy Did Fall Into A Winter Recession


May 25, 2023

Anton Litvintsev/iStock through Getty Photos

By Carsten Brzeski

It is a recession following all. The second estimate of the German GDP development in the initial quarter showed that the economy contracted by .three% Quarter-on-Quarter at the get started of the year. According to the initial estimate, the economy had nevertheless stagnated. At least GDP development in the fourth quarter of 2022 lastly remained unrevised and came in at -.five% QoQ. On the year, GDP development in the initial quarter was down by .five%.