• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
Germany Faces Recession Threat As U.S. Tariffs Take A Toll

Germany Slips Into Recession As GDP Falls For Second Successive Quarter

2 years ago
Nigeria Thump Tunisia In WAFCON Opener

Nigeria Thump Tunisia In WAFCON Opener

1 hour ago
2025 ITTF Tournament: Nigeria, Togo Target Titles’ Defence As West African Nations Storm Lagos

2025 ITTF Tournament: Nigeria, Togo Target Titles’ Defence As West African Nations Storm Lagos

2 hours ago
Ethiopia Imposes New Tax To Offset Loss From USAID Funding Freeze

Ethiopia, Nigeria Move To Scrap Visa Requirements For Diplomats, Officials

2 hours ago
Gabon’s Coup Leader and President Nguema Launches New Political Party

Gabon’s Coup Leader And President Nguema Launches New Political Party

5 hours ago
Pinnick: Ex-Nigeria Football Chief Returns To CAF

Pinnick: Ex-Nigeria Football Chief Returns To CAF

7 hours ago
Sunday, July 6, 2025
  • About
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Gabon’s Coup Leader and President Nguema Launches New Political Party

    Gabon’s Coup Leader And President Nguema Launches New Political Party

    Trump Demands Probe Of Subsidies Offered To Musk’s Firms

    After Fallout With Trump, Elon Musk Considers Floating Political Party

    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    Tanzania: Prime Minister Majaliwa To Step Down

    Tanzania: Prime Minister Majaliwa To Step Down

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

  • Economy
    Namibia Suspends State Funerals Following Criticism Over High Costs

    Namibia Suspends State Funerals Following Criticism Over High Costs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Promises To Clear Undeclared Debt Incurred By Past Administration

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    US-Africa Summit Wraps Up with Trade and Investment Deals Worth Over $2.5 Billion

    US-Africa Summit Wraps Up With Trade And Investment Deals Worth Over $2.5 Billion

    S/Africa Introduces $54 Million Incentive To Boost Local Manufacturing Of EVs

    South Africa Secures $474.6 Million Loan From AfDB To Boost Energy Transition

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Gabon’s Coup Leader and President Nguema Launches New Political Party

    Gabon’s Coup Leader And President Nguema Launches New Political Party

    Trump Demands Probe Of Subsidies Offered To Musk’s Firms

    After Fallout With Trump, Elon Musk Considers Floating Political Party

    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    Tanzania: Prime Minister Majaliwa To Step Down

    Tanzania: Prime Minister Majaliwa To Step Down

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

  • Economy
    Namibia Suspends State Funerals Following Criticism Over High Costs

    Namibia Suspends State Funerals Following Criticism Over High Costs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Promises To Clear Undeclared Debt Incurred By Past Administration

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    US-Africa Summit Wraps Up with Trade and Investment Deals Worth Over $2.5 Billion

    US-Africa Summit Wraps Up With Trade And Investment Deals Worth Over $2.5 Billion

    S/Africa Introduces $54 Million Incentive To Boost Local Manufacturing Of EVs

    South Africa Secures $474.6 Million Loan From AfDB To Boost Energy Transition

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

Germany Slips Into Recession As GDP Falls For Second Successive Quarter

May 25, 2023
in Economy, Top Stories
0
Germany Faces Recession Threat As U.S. Tariffs Take A Toll
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Germany’s economy, the largest in Europe has officially slipped into recession according to data released by the country’s statistics office on Thursday.

The data disclosed a 0.3% decline in gross domestic product (GDP) for the quarter when adjusted for price and calendar effects, indicating that Germany has officially entered a phase of recession.

Relatedreading

Nigeria Thump Tunisia In WAFCON Opener

2025 ITTF Tournament: Nigeria, Togo Target Titles’ Defence As West African Nations Storm Lagos

The decline follows a previous contraction of 0.5% during the last quarter of 2022, which was attributed to the energy crisis that unfolded as a result of Russia’s invasion of Ukraine.

Recession is typically defined as a period characterized by two successive quarters of economic contraction.

The initial estimate of zero percent for this quarter’s negative growth figure was later revised downward by the federal statistics agency.

Germany has been grappling with diminishing energy supplies due to the ongoing conflict with Russia, resulting in increased prices and contributing to inflationary pressures.

As a result, household consumption experienced a quarter-on-quarter drop of 1.2% after adjusting for price, seasonal, and calendar effects.

Although the severity of the recession was not as dire as some early predictions had suggested, Carsten Brzeski, head of macro at the ING bank, pointed out that the economy remained entrenched in the recessionary danger zone, despite the mitigating factors of mild winter weather and the gradual resolution of supply chain challenges following the Covid pandemic.

On a more positive note, the first three months of this year saw an increase in investment, signifying a rebound from a lackluster performance in the latter half of 2022.

In addition, trade made positive contributions to the economy.

It is worth noting that Germany’s previous recession occurred at the outset of the Covid pandemic in early 2020, prompting significant government-imposed shutdown measures that impacted large sectors of the economy.

Tags: breakingGermanyHeritageheritage timesheritagetimesmedialatestnewsthe heritage timesthtthtafricatop stories
ShareTweetSend
Previous Post

Nigerian Government Announces Integration Of National ID Card With Debit Cards

Next Post

Nigeria’s President-Elect, Tinubu Conferred With Highest National Honour Ahead Of Inauguration

Related Posts

Nigeria Thump Tunisia In WAFCON Opener

Nigeria Thump Tunisia In WAFCON Opener

July 6, 2025
2025 ITTF Tournament: Nigeria, Togo Target Titles’ Defence As West African Nations Storm Lagos

2025 ITTF Tournament: Nigeria, Togo Target Titles’ Defence As West African Nations Storm Lagos

July 6, 2025

Ethiopia, Nigeria Move To Scrap Visa Requirements For Diplomats, Officials

Gabon’s Coup Leader And President Nguema Launches New Political Party

Pinnick: Ex-Nigeria Football Chief Returns To CAF

After Fallout With Trump, Elon Musk Considers Floating Political Party

Next Post
Nigeria’s President-Elect, Tinubu Conferred With Highest National Honour Ahead Of Inauguration

Nigeria's President-Elect, Tinubu Conferred With Highest National Honour Ahead Of Inauguration

Please login to join discussion
AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Nigeria Thump Tunisia In WAFCON Opener

Nigeria Thump Tunisia In WAFCON Opener

July 6, 2025
2025 ITTF Tournament: Nigeria, Togo Target Titles’ Defence As West African Nations Storm Lagos

2025 ITTF Tournament: Nigeria, Togo Target Titles’ Defence As West African Nations Storm Lagos

July 6, 2025
Ethiopia Imposes New Tax To Offset Loss From USAID Funding Freeze

Ethiopia, Nigeria Move To Scrap Visa Requirements For Diplomats, Officials

July 6, 2025
Gabon’s Coup Leader and President Nguema Launches New Political Party

Gabon’s Coup Leader And President Nguema Launches New Political Party

July 6, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

Nigeria Thump Tunisia In WAFCON Opener

July 6, 2025

2025 ITTF Tournament: Nigeria, Togo Target Titles’ Defence As West African Nations Storm Lagos

July 6, 2025

Ethiopia, Nigeria Move To Scrap Visa Requirements For Diplomats, Officials

July 6, 2025

Gabon’s Coup Leader And President Nguema Launches New Political Party

July 6, 2025

Pinnick: Ex-Nigeria Football Chief Returns To CAF

July 6, 2025

After Fallout With Trump, Elon Musk Considers Floating Political Party

July 6, 2025

US: Death Toll In Texas Flooding Hits 51, 27 Girls Still Missing

July 6, 2025

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

July 5, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

From Hope To Fear: Kenya Joins East Africa’s Crackdown On Free Expression

AfDB Set For A New President, As Ould Tah Gains Continental Endorsement

How Dangote Is Turning Trump’s Trade War Into Africa’s Opportunity

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • Privacy Policy

© 2024 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact us

© 2024 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In