German economy in recession after high prices take toll

Updated data shows economy went into reverse in first quarter with GDP falling by 0.3%

Germany has fallen into recession, fresh figures have revealed, after high prices took a bigger toll on the country’s economy than originally estimated.

Updated data released by German’s federal statistical office on Thursday showed gross domestic product (GDP) fell by 0.3% in the first quarter compared with the previous three months, which also recorded a contraction.