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Germany’s recession triggers responses from the crypto community

After contracting in the first quarter of 2023, the German economy has officially entered into recession, according to data from the country’s statistics office.

A recession is generally identified when there is a decline in the gross domestic product (GDP) in two successive quarters. In Germany’s case, the country’s GDP reportedly fell by 0.3% for the quarter, following a decline of 0.5% in the fourth quarter of 2022.

Community members believe that it’s a bullish sign. Source: TwitterCommunity members sharing their thoughts on the recession. Source: Reddit

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