Recession: Germany must catch up on lost growth

While record inflation is burdening the population in Germany and the federal government, consumers and business are doing everything they can to become independent of energy from Russia as quickly as possible, the 40 Dax companies are earning splendidly.

With an operating profit of a good 48 billion euros, this spring was probably the second-best quarter ever for these companies, as analysis estimates show. Only in the first quarter of 2022 were operating profits even higher.

While many large companies made impressive profits in the spring, the German economy grew slightly at best. Economists surveyed by the financial service provider Bloomberg expect economic growth to average just 0.1 percent for the second quarter.