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This follows a drop of 0.5 per cent in Europe's biggest economy during the last quarter of 2022, as the country battled the energy crisis that was unleashed due to Russia's invasion of Ukraine. ....
Germany avoided a recession in the first quarter as the economy stagnated with the fall in household and government spending offsetting the improvements in capital formation and exports. ....
The German economy is likely to grow marginally in the first quarter as easing supply chain disruptions, the fall in energy prices and favorable weather conditions boosted industrial and construction output, the Economy Ministry said in a report published on Friday. ....