Europe’s largest economy is once again on the brink of a recession, as weak consumer spending and a bleak manufacturing outlook painted a sorry picture on the continent and widened its gap with the U.S.
Germany’s real GDP declined 0.1% in the third quarter of 2023 compared to the previous quarter, according to data released by the country’s stats body. The economy was 0.3% weaker than in the same quarter last year.
