German recession expected to accelerate in Q2, but recovery began in May

<p>Germany’s GDP shrank -2.2% qoq in Q1, slightly worse than expectation of -2.0% qoq, worst in more than a decade. Also, as Q4’s figure was revised down to -0.1% qoq, the country was already in a technical recession with two straight quarters of contraction. The contraction is expected to accelerate in Q2, with economists forecasts […]</p>
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