Home / News / World News / Article / Germany falls into recession as consumers spend less: Report

Germany falls into recession as consumers spend less: Report

Europe's largest economy Germany's output dropped 0.3 per cent in the first three months of the year, following a 0.5 per cent contraction at the end of 2022, official data showed on Thursday

Listen to this article :
Representational Image. Pic/iStock

Representational Image. Pic/iStock

Germany has slipped into recession as last year's energy price shock took its toll on consumer spending, CNN reported on Thursday (local time).

Europe's largest economy's output dropped 0.3 per cent in the first three months of the year, following a 0.5 per cent contraction at the end of 2022, official data showed on Thursday.

Trending Stories

Latest Photoscta-pos

Latest VideosView All

Latest Web StoriesView All

Mid-Day FastView All

Advertisement