Earlier estimates had predicted stagnation in the first quarter of this year Germany’s gross domestic product (GDP) has fallen for two consecutive quarters, figures released on Thursday by the Federal Statistical Office (Destatis) have shown, meaning that the country has entered recession. First-quarter output dropped 0.3% from the previous three months, after a 0.5% decrease between October and December, Destatis said, noting that its initial estimate, released last month, was for stagnation, or 0% growth. High inflation has persisted in what is Europe’s biggest economy, forcing Germans to spend less, the statist
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