Germany in recession as economy shrinks 2.2% in Q1

Germany in recession as economy shrinks 2.2% in Q1

The German economy de-grew 2.2% in Q1 compared to Q4 as Covid-19 lockdown impacted growth. This decline was the biggest since 2009. It followed with a 0.3% gain in Q3 and 0.1% decline in Q4. Thus technically Germany fell into a recession, owing to two consecutive quarters of negative growth. Additionally factory orders in Mar dipped 15.6% m-o-m and industrial production declined a 9.2% m-o-m.

Milan
Milan
Hannibal
Hannibal 2 weeks

Germany was already on the verge of a recession BEFORE the virus hit. Don't let these ailing Europeans lie to you investors out there. Don't look to any rapid recovery across the bond from our British or EU pals.

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