Timothy Sumer

Germany is in recession. Revised figures for the first quarter show the German economy shrank by 0.3 percent. That followed another quarter of falling GDP at the end of last year, meeting the criteria for a technical recession. A big reason seems to be the failure of private consumption to support the economy in the face of high inflation rates. A mild winter meant Germany avoided what could have been an even deeper recession. DW speaks to Veronika Grimm of the German Council of Economic Experts and Armando Garcia Schmidt of the Bertelsmann Foundation. Subscribe: For more news go to: Follow DW on social media: ►Facebook: ►Twitter: ►Instagram: ►Twitch: Für Videos in deutscher Sprache besuchen Sie: #Germany #Economy #Recession... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Write an article about Germany slips into recession: Why is the ...

The figures were a blow to the German government, which last month boldly doubled its growth forecast for this year after a feared winter energy crunch failed to materialise. READ MORE : Subscribe to our channel: Watch our LIVE here: Subscribe to our thematic channels: NoComment: Euronews Green: Euronews Next: Euronews Travel: Euronews is available on YouTube in 12 languages: #World... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing The Statistics Office of Germany has recently announced that the country has slipped into a recession after its economy contracted by 0.3% in the first quarter of this year. This marks the first time in seven years that Germany has faced a recession, and it underscores the economic challenges that the country is currently facing. A recession is often defined as two consecutive quarters of negative economi...