Germany has officially entered recession.
After the US blew up the Nordstream pipeline, it’s been downhill for Deutschland.
High cost of electricity, gas and fuel have been wrecking Germany’s economy.
Germany’s first recession since 2020.
Economy contracts 0.3% in Q1, 2023, after -0.5% fall in previous quarter.
Europe’s largest economy.
April Inflation: +7.2%
Consumer Spending: -1.2%
March Industrial Output: -3.4%
March exports: -5.2%