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German economy shrank at end of 2023: data
German economy shrank at end of 2023: data
Economy
by  AFP

The German economy contracted at the end of 2023, official data showed Tuesday, the latest gloomy news for Europe's export powerhouse as it battles high inflation and a manufacturing slowdown. The agency also confirmed an initial estimate from earlier this month that Europe's export giant shrank 0.3 percent across the whole of 2023, and narrowly dodged a recession in the second half of the year.