According to the Wall Street Journal, households in Germany have cut back on spending amid soaring energy and food prices, leading to a decline in the economy in the first quarter of this year. Germany's two consecutive quarters of economic decline are consistent with an "economic recession." As the largest economy in the Eurozone, Germany's entry into recession has also sounded the alarm for the European economy. The Eurozone economy is also very likely to weaken in the first quarter of this year.
德國統計局5月25日公布數據顯示，今年第一季的國民生產毛額（GDP）比去年第4季下滑 0.3%，去年第4季則下滑 0.5%。
It is worth noting that Germany accounts for nearly 3% of the economic output of the Eurozone and is the largest trading partner of more than half of the EU members. Its political influence is even greater. If even Germany declines, other countries may not be able to feel comfortable either. Europe The central bank may also be more cautious about further raising interest rates.
Some analysts have long believed that Germany's weak economic performance may drag down the EU's economic prospects. The European Commission previously predicted that Germany's economic growth rate this year and next will be 0.2% and 1.4%, which is lower than the euro zone average of 1.1% and 1.6%.
