Thursday, May 25, 2023

The recessionary spiral begins to take hold.

German economy enters recession amid worsening outlook

Ashutosh Pandey | Richard Connor
Published 8 hours agolast updated 7 hours ago

Inflation has taken a heavy toll on the German economy, with consumers spending less on items such as food and clothing. To make matters worse, the outlook for the rest of the year isn't looking much brighter.

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