No quick recovery for German economy after winter slump
The figure for this month slumped to 91 points from 101.5 in April
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The figure for this month slumped to 91 points from 101.5 in April
BERLIN (Reuters) - There is no quick recovery in sight for the inflation-hit German economy following a winter recession, the DIW economic research institute said on Wednesday, as its monthly indicator declined sharply in May. | 08:13am
Archived copy of the Class against Class website, with links to all the articles it contained.
Germany surprised economists by expanding in the third quarter, but the French and Spanish economies both slowed down.
BERLIN, Sept. 28 (Xinhua) -- The German economy is already in recession as a result of the energy crisis, high inflation rates and shrinking global trade, the country's Institute for Economic Research (DIW Berlin) said on Wednesday.