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Germany is in a recession as a result of rising prices and interest rates

Yes, Germany is technically in a recession after two consecutive quarters of negative economic growth. The country’s Gross Domestic Product (GDP) fell 0.6% in the third quarter of 2019 and 0.2% in the second quarter. The contraction in economic activity is being attributed to a range of factors, including slower global growth, uncertainty over trade policy, high inflation, and the impact of higher interest rates by the European Central Bank. There is also a severe drought in parts of the country that is leading to weaker crop harvests and reducing agricultural production. As a result, employment levels have begun to fall. The government is expecting economic output to remain flat in 2020 as it forecasts a second year of recession.