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Germany falls into recession as consumers spend less: Report
Updated On: 26 May, 2023 12:33 PM IST | Berlin | ANI
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
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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.
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