Germany’s Economic Downturn: A Closer Look at the 0.3% Contraction in 2023
Germany, Europe’s largest economy, experienced a 0.3% contraction in 2023, a year marked by high inflation and firm interest rates that bit into growth. This contraction was in line with analysts’ expectations, but it still raises concerns about the overall health of the German economy. A Year of Stagnation The Federal Statistical Office of Germany […]
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