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Germany officially in Recession
The German economy has now entered a recession, reports CNBC. GDP fell 0.3 percent in the first quarter of this year after a 0.5 percent decline in the final quarter of 2022.
In a formal sense, the new figures mean a recession, as two consecutive quarters of negative growth are technically used to define a recession.
Inflation, the war in Ukraine and sanctions against Russia have put the German economy...