Recession Technically News Today

because the eurozones largest economy is now officially in recession. germany has had two consecutive quarters of negative growth. the countrys economy contracted by 0.3% between january and march. this follows a contraction of 0.5% in the final three months of 2022. a drop in consumer spending was main cause of germanys disappointing performance in the first quarter, with household consumption falling by 1.2%, as the cost of living crisis continued to cause headaches for millions of p...

Because the eurozones largest economy is now officially in recession. germany has had two consecutive quarters of negative growth. the countrys economy contracted by 0.3% between january and march. this follows a contraction of 0.5% in the final three months of 2022. a drop in consumer spending was main cause of germanys disappointing performance in the first quarter, with household consumption falling by 1.2%, as the cost of living crisis continued to cause headaches for millions of people. joi...