DeStatis: Germany in Recession

DeStatis got it wrong again just in time for a state election. Election over, lie over.

Gross domestic product (GDP), 1st quarter of 2023
-0.3% on the previous quarter (price, seasonally and calendar adjusted)
-0.2% on the same quarter a year earlier (price adjusted)
-0.5% on the same quarter a year earlier (price and calendar adjusted)

WIESBADEN – The gross domestic product (GDP) fell by 0.3% in the first quarter of 2023 on the fourth quarter of 2022 after adjustment for price, seasonal and calendar variations. The Federal Statistical Office (Destatis) reports that economic performance at the start of the year was therefore 0.3 percentage points lower than communicated in the first release of 28 April 2023. “After GDP growth entered negative territory at the end of 2022, the German economy has now recorded two consecutive negative quarters”


Another German Economics Minister with another bullshit chart

Be the first to comment

Leave a Reply

Your email address will not be published.