Recession Technically News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

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 you for b...