Are they calling it a technical recession?
German economy shrunk 0.3% in first quarter and is now in a recession.
Strange, all the "experts" said this will not happen.
https://www.zeit.de/wirtschaft/2023-05/deutsche-wirtschaftsleistung-zu-jahresbeginn-gesunken
Discussion
Yes, it's the second quarter in a row which is technically a recession.
(except in the US where definitions don't mean anything these days)
Technically retarded.
I think this is only the beginning. No/expensive energy, new green laws planned that will come expensive for house owners (and therefore everyone), rates still getting raised by the ECB and inflation still high.
