The German economy contracted in the fourth quarter of 2023 and might shrink again in the first quarter of 2024, leading to a technical recession, the German Bundesbank said on Monday in its latest monthly report. ‘In the first quarter of 2024, the economic output could therefore decline again slightly. With the second consecutive decline in the economic output, the German economy would be in a technical recession’, the Bundesbank said. However, ‘a recession in the sense of one significant, broad-based and prolonged decline in economic output still cannot be determined and is not currently expected’, the Bundesbank ... (full story)