Germany's GDP shrank by 0.3% in the first quarter, officially putting the country into recession

In the first three months of this year, the German economy unexpectedly fell, marking the second consecutive quarter of contraction.

According to figures provided by the Federal Statistical Office on Thursday, Germany's GDP fell by 0.3% from January to March. This is in response to a decline of 0.5% in Europe's largest economy over the final three months of 2022.

While most people use a threshold of two consecutive ....