Economics
German Economy Heads for Recession After Shrinking Last Quarter
- GDP fell as much as 1% in final months of 2021 amid omicron
- Recovery from pandemic has fallen behind France, Italy, Spain
An empty restaurant terrace in central Berlin, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
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Germany is headed for its second recession of the pandemic after the emergence of the coronavirus’s omicron strain compounded drags on output from supply snarls and the fastest inflation in three decades.