Inflation and energy price spikes are weighing on household consumption and capital investment in Germany The German economy shrank by 0.4% quarter-on-quarter in the final three months of 2022, the country’s Federal Statistical Office reported on Friday. The contraction came in larger than the previously estimated 0.2% GDP drop. Analysts attribute the worse than expected reading to persistently high inflation and lingering concerns over energy supplies, which are weighing heavily on household consumption and capital investment. Data showed that German household spending was down 1.0% in the fourth quarter, while i
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