German Economy Enters Recession as Inflation Takes Its Toll Germany’s economy minister, Robert Habeck, attributed the recession to his country’s previous heavy reliance on Russia for energy supply. However, he acknowledged that the growth forecasts were even more bleak. The German economy slipped into a recession in early 2023 as household spending in Europe's leading economic powerhouse succumbed to the pressure of high inflation. The country's gross domestic product (GDP) contracted by 0.3% in the first quarter of the year after adjusting for price and calendar effects. Know More: https://theentrepreneurreview.com/german-economy-enters-recession-as-infla/ #businessnews #business #news #startupnews #businessindia #startup #magazines #businessmagazine #printmagazine #onlinemagazine #magazine #TheEntrepreneurReview