German economy shrinks 0.3 percent in Q1, enters recession

The German economy contracted slightly in the first quarter of 2023 compared with the previous three months, thereby entering recession, data from the statistics office showed on Thursday.

A man fuels a vehicle up at a gas station in Berlin, Germany, Sept. 8, 2022. (Photo: Xinhua)

Gross domestic product fell by 0.3% for the quarter when adjusted for price and calendar effects, the data showed.

Source(s): Reuters