The German economy in the first quarter to a 2.2 percent pre-shrunk compared to the previous quarter, when it also was on a decline. As the largest economy in Europe is in a recession.
That it appears from the figures that in the German statistics office on Monday announced it has created. The decrease of 2.2 percent was the largest drop in the economy since the financial crisis of 2009.
Well the level of investment, consumption and exports showed a decline in the first three months of this year. The investments in the names by more than 7 per cent, of the German consumers reported a 3.2 per cent less and the exports have decreased by 3 per cent in January, February and march.
The German economy is being hit hard by the coronacrisis. The only building left, just like in the uk, as the sector’s growth. The building is in Germany, which account for 10 per cent of the total production and is the single largest employer.
The German government is also in the first quarter of the year. This expenditure accounted, together with the agricultural production of the only bright spots. In the final three months of last year, the German economy decreased by a marginal 0.1 per cent.