quotes
Under the weight of immense inflation, the German consumer has fallen to his knees, dragging the entire economy down with him,
said Andreas Scheuerle, an analyst at DekaBankThe persistence of high price increases continued to be a burden on the German economy at the start of the year,
the statistics office said
posts
Inflation pushes Germany into recession with Europe’s largest economy shrinking in first few months of year
The SunGermany falls into recession as inflation hits economy
BBCGermany sinks into recession – as UK avoids one
The TelegraphGermany economy shrinks in first quarter, signaling one definition of recession
ABC News GoGerman economy in recession after high prices take toll
GuardianGermany enters recession after economy contracts slightly in first quarter
The Jerusalem PostGerman economy enters recession as first-quarter GDP data is revised lower
CNBCGerman economy entered recession as inflation hurt consumers
Reuters
three references
- Federal Statistical Office
Gross domestic product: detailed economic performance results for the 1st quarter of 2023 - German Federal Statistical Office
3 links - Statistisches Bundesamt
Bruttoinlandsprodukt: Ausführliche Ergebnisse zur Wirtschaftsleistung im 1. Quartal 2023
2 links - CNN
Germany falls into recession as consumers in Europe's biggest economy spend less | CNN Business
2 links