Germany in recession as inflation, higher rates bite

Inflation, which reached 7.2% in Germany in April, has been fuelled by the increased cost of energy. Consumer prices have come down only slightly from their peak towards the end of 2022. "The persistence of high price increases continued to be a burden on the German economy at the start of the year," Destatis said in a statement.

from News-Economic Times https://ift.tt/IFwYN9e