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Germany slips into recession: Why is the German economy shrinking? | DW News
Posted
May 25, 2023
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146,339
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May 25, 2023
146,339
1,387
1,330
1.86%
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8:23Now PlayingGermany is in recession. Revised figures for the first quarter show the German economy shrank by 0.3 percent. That followed another quarter of falling GDP at the end of last year, meeting the criteria for a technical recession. A big reason seems to be the failure of private consumption to support the economy in the face of high inflation rates. A mild winter meant Germany avoided what could have been an even deeper recession. DW speaks to Veronika Grimm of the German Council of Economic Experts and Armando Garcia Schmidt of the Bertelsmann Foundation.
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