Germany's recession: Implications for Europe and beyond.

Germany, once viewed as Europe's economic powerhouse, has slipped into a recession due to high inflation reducing consumer spending. Rental, energy, and supermarket prices are rising, leaving working-class and middle-class people feeling the pinch. The country has a desperate shortage of workers, leaving those in work overstretched and overwhelmed. Meanwhile, 17 million German citizens (20.9%) are either officially living in poverty or threatened by it.