Germany’s central bank in its monthly report, stated that after a 0.3 per cent contraction in the final quarter of 2023, output is “likely to decline slightly” from January to March. This would mark the second consecutive decline in economic output, Economy News, Times Now
Professor of macroeconomics and monetary economics at the University of Fribourg, Sergio Rossi, told Sputnik that there are a “number of reasons” for the recession in Germany, principally ones that “affect households’ purchasing power negatively.”