Timothy Sumer

Germany has become the first major economy to enter a recession. But only a few economies in the world are currently in recession. However, that has not stopped people from worrying about the recession. A multi-nation survey by polling agency ipsos has found that the fears about recession are far more widespread than actual recession. #germany #recession #latestnews About Channel: WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to world politics. People are tired of biased reportage and we stand for a globalized united world. So for us, the World is truly One. Please keep discussions on this channel clean and respectful and refrain from usi

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 German government is vowing rapid cash-assistance for small- and mid-size companies facing massive energy-bills this winter. The German economy-minister meeting today with industry groups from across the country. They've been pressuring Berlin for help as energy-prices soar to record-heights and leave them unable to pass costs along to consumers. Some firms are already lowering production. Industry-leaders are meanwhile warning of growing insolvencies. Economists are now projecting a 'winter recession' for Germany saying the economy will contract in 2023. Recent figures are already drawing an increasingly grim outlook: New data confirms an annual inflation rate of almost 8-percent in August. Higher prices cut into purchasing power making it difficult for consumers to afford the same things they could a year prior. Soaring energy-costs are driving that inflation led by natural gas: The European benchmark is now three-quarters more expensive than it was this tim