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Germany Enters Recession as Economy Shrinks by 0.3% in First Quarter, Reports Statistics Office

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