German economy may sink into recession: central bank

FRANKFURT, Feb. 19 (Xinhua) -- The German economy may fall into recession in the first quarter of 2024, as headwinds persist, the German central bank predicted on Monday.

While confirming that economic output had contracted by a seasonally-adjusted 0.3 percent in the last quarter of 2023, the Bundesbank forecast that it will decline again in the first quarter.

In its February Monthly Report released on Mo