Germany s reputation for hard work is being questioned as lower average working hours and increased sick leave spark concerns about the nation s economy.
The German economy avoided recession in the first quarter, preliminary data from Destatis showed on Tuesday. Gross domestic product grew more-than-expected 0.
The German economy likely entered a recession in the first quarter, Bundesbank said in its monthly report on Monday. After a 0.3 percent economic contraction in the fourth quarter, real gross domestic product could decline slightly again in the first quarter, the bank observed.
Japan was historically touted as “an economic miracle,” rising from the ashes of World War II to become the second largest economy, only after the US, and kept that going through the 1970s and 1980s.