Stay updated with breaking news from Germany economy. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The euro dropped on Thursday as Europe's largest economy Germany was confirmed to be in a recession, while the dollar hit a two-month peak, benefitting from safe-haven demand as worries mounted about a US default. ....
Germany s GDP declined by 0.3 per cent in the period from January to March. It follows a drop of 0.5 per cent in Europe s largest economy during the last quarter of 2022 ....
Due to a slight shrinkage in GDP during Q1 of 2023, Germany has entered a technical recession. Household consumption dropped by 1.2% due to rising energy costs while the discontinuation of government subsidies led to a decline in new car purchases. , Economy News, Times Now ....