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German Economy Shrinks in 2023 But Narrowly Avoids Technical Recession

The German economy experienced a contraction in 2023, signaling a period of slowdown and uncertainty. While the decline in economic output raises concerns, Germany managed to narrowly avoid a technical recession, providing some relief to policymakers and businesses alike. Factors Contributing to the Economic Contraction Several factors played a role in the shrinkage of the German economy in 2023. One of...

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