{"id":1694,"date":"2023-05-25T14:22:35","date_gmt":"2023-05-25T14:22:35","guid":{"rendered":"https:\/\/gnomeledge.com\/QH2301B\/?p=1694"},"modified":"2023-05-25T14:35:18","modified_gmt":"2023-05-25T14:35:18","slug":"germany-news-001-german-economy-has-entered-recession","status":"publish","type":"post","link":"https:\/\/gnomeledge.com\/QH2301B\/2023\/05\/25\/germany-news-001-german-economy-has-entered-recession\/","title":{"rendered":"[Germany News #001] German Economy Has Entered Recession"},"content":{"rendered":"\n<p>&#8220;BERLIN, May 24 (Reuters) &#8211; The German economy was in recession in early 2023 after households spending in Europe&#8217;s economic engine finally succumbed to the pressure of high inflation.&#8221;<\/p>\n\n\n\n<p><em>Ref: <a href=\"https:\/\/www.reuters.com\/markets\/europe\/germany-enters-recession-2023-05-25\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.reuters.com\/markets\/europe\/germany-enters-recession-2023-05-25<\/a><\/em><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"360\" src=\"https:\/\/gnomeledge.com\/QH2301B\/wp-content\/uploads\/2023\/05\/knowledge-3255140_640.jpg\" alt=\"\" class=\"wp-image-1696\" srcset=\"https:\/\/gnomeledge.com\/QH2301B\/wp-content\/uploads\/2023\/05\/knowledge-3255140_640.jpg 640w, https:\/\/gnomeledge.com\/QH2301B\/wp-content\/uploads\/2023\/05\/knowledge-3255140_640-300x169.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/figure>\n<\/div>\n\n\n<p><strong>What is a Recession?<\/strong><\/p>\n\n\n\n<p>&#8220;An overall decline in economic activity mainly observed as a slowdown in output and employment. It is not as severe or prolonged as a depression.<\/p>\n\n\n\n<p>A recession is often defined as real Gross Domestic Product (GDP) falling for two successive quarters.&#8221;<\/p>\n\n\n\n<p><em>Ref: <a href=\"https:\/\/www.oxfordreference.com\/display\/10.1093\/oi\/authority.20110803100407826\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.oxfordreference.com\/display\/10.1093\/oi\/authority.20110803100407826<\/a><\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"625\" src=\"https:\/\/gnomeledge.com\/QH2301B\/wp-content\/uploads\/2023\/05\/GermanyNews_001b-1024x625.jpg\" alt=\"\" class=\"wp-image-1698\" srcset=\"https:\/\/gnomeledge.com\/QH2301B\/wp-content\/uploads\/2023\/05\/GermanyNews_001b-1024x625.jpg 1024w, https:\/\/gnomeledge.com\/QH2301B\/wp-content\/uploads\/2023\/05\/GermanyNews_001b-300x183.jpg 300w, https:\/\/gnomeledge.com\/QH2301B\/wp-content\/uploads\/2023\/05\/GermanyNews_001b-768x468.jpg 768w, https:\/\/gnomeledge.com\/QH2301B\/wp-content\/uploads\/2023\/05\/GermanyNews_001b-1536x937.jpg 1536w, https:\/\/gnomeledge.com\/QH2301B\/wp-content\/uploads\/2023\/05\/GermanyNews_001b-2048x1249.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>What is Causing the 2023 Recession?<\/strong><\/p>\n\n\n\n<p>&#8220;Geopolitical tensions, energy market imbalances, persistently high inflation and rising interest rates have many investors and economists concerned&#8230;&#8221;<\/p>\n\n\n\n<p><em>Ref: <a href=\"https:\/\/money.usnews.com\/investing\/articles\/recession-2023-what-to-watch-and-how-to-prepare\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/money.usnews.com\/investing\/articles\/recession-2023-what-to-watch-and-how-to-prepare<\/a><\/em><\/p>\n\n\n\n<p><strong>How Long Might Germany&#8217;s Recession Last?<\/strong><\/p>\n\n\n\n<p>&#8220;A consistent driver of the contraction was the country\u2019s key manufacturing sector, where a deepening downturn is casting doubt on the rebound many anticipate for the coming quarters&#8230;.<\/p>\n\n\n\n<p>Claus Vistesen at Pantheon Macroeconomics said the German recession was probably already over, but added: &#8216;we see no strong recovery either&#8217;&#8230;<\/p>\n\n\n\n<p>&#8216;We see German GDP growth bumping along close to zero in Q2 and Q3, before re-accelerating in Q4, unless the Europe is stung by a very cold winter,&#8217; said Mr Vistesen&#8230;&#8221;<\/p>\n\n\n\n<p><em>Ref: <a href=\"https:\/\/www.telegraph.co.uk\/business\/2023\/05\/25\/germany-sinks-recession-olaf-scholz-avoided\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.telegraph.co.uk\/business\/2023\/05\/25\/germany-sinks-recession-olaf-scholz-avoided\/<\/a><\/em><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"632\" height=\"640\" src=\"https:\/\/gnomeledge.com\/QH2301B\/wp-content\/uploads\/2023\/05\/world-153534_640.png\" alt=\"\" class=\"wp-image-1699\" srcset=\"https:\/\/gnomeledge.com\/QH2301B\/wp-content\/uploads\/2023\/05\/world-153534_640.png 632w, https:\/\/gnomeledge.com\/QH2301B\/wp-content\/uploads\/2023\/05\/world-153534_640-296x300.png 296w\" sizes=\"auto, (max-width: 632px) 100vw, 632px\" \/><\/figure>\n<\/div>\n\n\n<p><strong>What are the Probability of Recession for Other Countries?<\/strong><\/p>\n\n\n\n<p>Below is an estimate from &#8220;<strong>World of Statistics<\/strong>&#8220;.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"826\" height=\"1024\" src=\"https:\/\/gnomeledge.com\/QH2301B\/wp-content\/uploads\/2023\/05\/World-of-Statistic-826x1024.jpg\" alt=\"\" class=\"wp-image-1695\" srcset=\"https:\/\/gnomeledge.com\/QH2301B\/wp-content\/uploads\/2023\/05\/World-of-Statistic-826x1024.jpg 826w, https:\/\/gnomeledge.com\/QH2301B\/wp-content\/uploads\/2023\/05\/World-of-Statistic-242x300.jpg 242w, https:\/\/gnomeledge.com\/QH2301B\/wp-content\/uploads\/2023\/05\/World-of-Statistic-768x952.jpg 768w, https:\/\/gnomeledge.com\/QH2301B\/wp-content\/uploads\/2023\/05\/World-of-Statistic.jpg 908w\" sizes=\"auto, (max-width: 826px) 100vw, 826px\" \/><\/figure>\n\n\n\n<p><em>Ref: <a href=\"https:\/\/twitter.com\/stats_feed\/status\/1661717138695147520?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/twitter.com\/stats_feed\/status\/1661717138695147520?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;BERLIN, May 24 (Reuters) &#8211; The German economy was in recession in early 2023 after households spending in Europe&#8217;s economic engine finally succumbed to the pressure of high inflation.&#8221; Ref: https:\/\/www.reuters.com\/markets\/europe\/germany-enters-recession-2023-05-25 What is a Recession? &#8220;An overall decline in economic activity mainly observed as a slowdown in output and employment. It is not as severe [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[171,240,44],"tags":[],"class_list":["post-1694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-intelligence","category-germany","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>[Germany News #001] German Economy Has Entered Recession - Gnome Ledge<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gnomeledge.com\/QH2301B\/2023\/05\/25\/germany-news-001-german-economy-has-entered-recession\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"[Germany News #001] German Economy Has Entered Recession - Gnome Ledge\" \/>\n<meta property=\"og:description\" content=\"&#8220;BERLIN, May 24 (Reuters) &#8211; The German economy was in recession in early 2023 after households spending in Europe&#8217;s economic engine finally succumbed to the pressure of high inflation.&#8221; Ref: https:\/\/www.reuters.com\/markets\/europe\/germany-enters-recession-2023-05-25 What is a Recession? &#8220;An overall decline in economic activity mainly observed as a slowdown in output and employment. 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