Norstrats
  • News
  • Business
  • Entertainment
    • Gaming
    • Music
    • Sports
  • Lifestyle
    • Health
    • Fashion
    • Food
    • Fitness
  • Tech
    • App & Software
    • Digital Marketing
    • Gadget
    • PC & Mobile
    • Social Media
  • Education
No Result
View All Result
Norstrats
  • News
  • Business
  • Entertainment
    • Gaming
    • Music
    • Sports
  • Lifestyle
    • Health
    • Fashion
    • Food
    • Fitness
  • Tech
    • App & Software
    • Digital Marketing
    • Gadget
    • PC & Mobile
    • Social Media
  • Education
No Result
View All Result
Norstrats
No Result
View All Result

Germany’s GDP shrinks by 0.3% in first quarter to put Europe’s biggest economy into recession

Ruchir by Ruchir
in News
0
Germany’s GDP shrinks by 0.3% in first quarter to put Europe’s biggest economy into recession
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter

Economists said high inflation hit consumer spending, with prices in April 7.2% higher than a year ago. Photo: rawpixel.com

Economists said high inflation hit consumer spending, with prices in April 7.2% higher than a year ago. Photo: rawpixel.com

New figures show the German economy suffered an unexpected dip in the first quarter of this year, putting the country formally into recession.

Data released May 25 by the Federal Statistical Office shows Germany’s gross domestic product, or GDP, down by 0.3% in the period from January to March. This follows a drop of 0.5% in Europe’s biggest economy during the last quarter of 2022. Two consecutive quarters of decline constitute a technical recession.

The figures are a blow to the German Government, which last month boldly doubled its growth forecast for this year after a feared winter energy crunch failed to materialise.

It said GDP will grow by 0.4% — up from a 0.2% expansion predicted in late January — a forecast that may now need to be revised downward.

Economists said high inflation hit consumer spending, with prices in April 7.2% higher than a year ago.

GDP reflects the total value of goods and services produced in a country. Some experts question whether the figure alone is a useful indicator of economic prosperity given that it doesn’t distinguish between types of spending.



Source link

Previous Post

Colombia-Panama border hit by 6.6-magnitude earthquake

Next Post

The Wheel of Time Season 2 Release Date Set for September 1 on Amazon Prime Video

Next Post
The Wheel of Time Season 2 Release Date Set for September 1 on Amazon Prime Video

The Wheel of Time Season 2 Release Date Set for September 1 on Amazon Prime Video

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Recent Posts

  • Crimean bridge is falling down – cracks appear on its pillars, photos June 1, 2023
  • Now Chechen Warmongers Are Threatening Showdown with Wagner Boss Prigozhin June 1, 2023
  • You Could Get a Second Check in June — Here’s Why June 1, 2023
  • After 22 years in a coma, Israeli woman critically wounded in 2001 Jerusalem suicide bombing dies June 1, 2023
  • Vera Putina, Georgian woman who claimed to be Vladimir Putin’s biological mother – obituary June 1, 2023

Follow Us

Popular Posts

  • kayatan

    Kayatan Com – Watch the best free videos online on

    434 shares
    Share 174 Tweet 109
  • auth.streamotion.com.au/activate

    428 shares
    Share 171 Tweet 107
  • Videovor – Download Youtube MP4 Videos And Alternatives

    423 shares
    Share 169 Tweet 106
  • How Many Smoke Detectors Do You Need in Your House?

    420 shares
    Share 168 Tweet 105
  • 6 unhealthy practices men follow regarding their diet

    412 shares
    Share 165 Tweet 103

About Us

NorStrats

Norstrat is a global integrated communications company that provides various services such as digital marketing, social media marketing, and business.

Contact Us: admin@norstrats.net

Menu

  • Pet
  • Real Estate
  • Tip & Trick
  • How-to
  • F95zoneus

Popular Posts

  • Crimean bridge is falling down – cracks appear on its pillars, photos June 1, 2023
  • Now Chechen Warmongers Are Threatening Showdown with Wagner Boss Prigozhin June 1, 2023
  • You Could Get a Second Check in June — Here’s Why June 1, 2023
  • After 22 years in a coma, Israeli woman critically wounded in 2001 Jerusalem suicide bombing dies June 1, 2023
  • Vera Putina, Georgian woman who claimed to be Vladimir Putin’s biological mother – obituary June 1, 2023

Recent News

Crimean bridge is falling down – cracks appear on its pillars, photos

Crimean bridge is falling down – cracks appear on its pillars, photos

June 1, 2023
Now Chechen Warmongers Are Threatening Showdown with Wagner Boss Prigozhin

Now Chechen Warmongers Are Threatening Showdown with Wagner Boss Prigozhin

June 1, 2023
  • Pet
  • Real Estate
  • Tip & Trick
  • How-to
  • F95zoneus

© 2022 NorStrats. Design & Developed by F95 zone

No Result
View All Result
  • News
  • Business
  • Entertainment
    • Gaming
    • Music
    • Sports
  • Lifestyle
    • Health
    • Fashion
    • Food
    • Fitness
  • Tech
    • App & Software
    • Digital Marketing
    • Gadget
    • PC & Mobile
    • Social Media
  • Education

© 2022 NorStrats. Design & Developed by F95 zone

error: Content is protected !!
Go to mobile version