BBCNEWS World July 6, 2024
because the eurozone's largest economy is now officially in recession. germany has had two consecutive quarters of negative growth. the country's 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 germany's 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. joining me now is christian schulz — deputy chief european economist at citi bank. thank...