Browsing Tag

technical recession

German economy closed 2023 with a contraction of 0.3 %

According to data published this Tuesday by the German Federal Statistical Office, the country's economy contracted 0.3% during the last quarter of 2023. Among the factors that influence this contraction of Germany's economy, compared to the previous quarter of 2023, are "persistent inflation, high…

Germany could enter a technical recession

Inflation and the energy crisis slowed down the German economy in the fourth quarter of 2022, which could lead to a recession in the first months of the new year, according to data from the Federal Statistical Office released on Monday.…