2023-08-25 18:11:37
par Olivier Daelen
posted on Friday August 25th, 2023 at 8:11 PM •
5 min read
Germany managed to narrowly avoid a third consecutive quarter of GDP contraction. Not enough to jump to the ceiling, however, and companies seem to be well aware of this.
Why is this important?
Germany, Europe’s largest economy, is going through difficult times. Long perceived as the locomotive of the EU, it has been dragging its feet for many months. It is even likely that the German economy will end the year in the red.
In news : the recession officially avoided, the bosses increasingly pessimistic.
This Friday, we learned that Germany had emerged from recession in the second quarter. At the same time, the business confidence index continued to plunge.
The essential : zero growth.
Between April and June 2022, the German economy showed zero growth, the Destatis Institute announced. It’s no surprise, a first guess ay
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