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Germany falls into recession as inflation hits economy

2023-05-25 17:15
Rising prices have dampened demand from households and businesses in Europe's largest economy.
Germany falls into recession as inflation hits economy

Persistent inflation has helped push Germany into recession in the first three months of the year, an upgrade to growth data shows.

Europe's largest economy was also badly affected when Russian gas supplies dried up after the invasion of Ukraine, analysts said.

The economy contracted by 0...