Germany skirts recession at the end of 2023 but faces prolonged slump

Germany skirts recession at the end of 2023 but faces prolonged slump

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Europe's largest economy contracted by 0.3% year-on-year in 2023, as high inflation and firm interest rates bit into growth, the Federal Statistical Office of Germany said Monday. The estimate is in line with the expectations of analysts polled . The decline in economic output eases to 0.1% when…

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