Omicron leaves Germany on brink of recession as economic growth dips in 20221 min read 14 Jan 2022, 04:09 PM IST
Output in Germany fell by between 0.5% and 1% in the fourth quarter: statistics agency Destatis
Forecasts are also shaky for the first three months of 2022
FRANKFURT : The risk of recession is looming for Germany after Europe’s biggest economy shrank at the end of 2021 and as it faces a bumpy start to this year, with the rapid spread of Covid-19's omicron variant deterring people from shopping and travel and supply bottlenecks holding back manufacturers.
Select your Category