Germany Economic Crisis: Not only America, Pakistan, now Germany is also affected by recession, danger looms

Internet Desk. Pakistan’s economic condition was bad for a long time, now slowly the discussion about America has also started and it is being said that America does not even have the money to repay the loan. But in the midst of all this, the world’s fourth largest economy is now in trouble.

According to information, recession has started in the world’s fourth largest economy. The euro fell sharply on Thursday after media reports confirmed Germany, Europe’s biggest economy, was in recession, while the dollar hit a two-month high.

According to reports, according to the quarterly data released by Germany’s statistics office, Germany’s GDP decreased by 0.3 percent in the first quarter of this year. At the same time, in the fourth quarter of the year 2022, the GDP decreased by 0.5 percent.


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Source: The Eastern Herald

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