German GDP fell 0.3% between January and March, after falling 0.5% the previous quarter.
The Allemagne is entering a technical recession in the first quarter of 2023, with a consecutive deuxième decline in its gross domestic product (GDP), plumbé par son industrie qui souffre d’une baisse de sa demand, sur fond d’inflation et de hausse des interest rate.
The GDP of the largest European economy fell by 0.3% between January and March in one quarter, after falling by 0.5% between October and December, in data adjusted for seasonality and calendar, indicated the Destatis Institute in a press release. In one year, the indicator fell by 0.5%.
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Source: BFM TV
